Wholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take more time for that pressure to ease on Wall Street and Main Street.
On the other hand, real estate is a traditional hedge against inflation.
{ 1 comment… read it below or add one }
Sam Chapman 08.22.08 at 6:47 am
This shouldn’t come as a surprise to anyone. Food prices have been rising dramatically for a while and while oil has come down, metals, cement and other commodities have not. Time to tighten our belts for a while.