From Hard Assets Investor:
Real-time Monetary Inflation (per annum): 8.3%
It's been a pretty dull year for inflation. Oh, don't get me wrong, prices for some commodities have risen.
Take crude oil for example. Black gold's up 69% year-to-date. Broadly, however, commodity prices have ticked up only modestly. The Reuters Continuous Commodity Index, an equal-weighted amalgam of 17 commodities including crude oil, has barely managed a 6% return this year.
But rising prices are a consequence of inflation...
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