For the first time in years, inflation is back in the news. If you've studied economics, that's no surprise to you. In an attempt to make it easy for people to borrow money, the Federal Reserve has been lowering interest rates for years. When they do that, they reduce the value of the U.S. Dollar compared to other currencies. That has the effect of raising the price that you and I pay. Especially for foreign goods. (yes, you can argue that helps the American worker, but it does raise prices)
Add to that increased demand for certain commodities (for instance, corn to make ethanol, oil and building materials in the far east) without an increase in the supply of those commodities and prices will go up. That's basic supply and demand.
But you don't need to get into economics with the typical consumer. We already know that prices are going up. I bought gas and groceries in the last week. Enough said. What we need is a solution.
Here at the Dollar Stretcher we can't lower prices for you. That's beyond our abilities. But we can show you how to substitute a cheaper product, use less of a product or find it for the best price possible. All those things will reduce the effect of inflation on your family.
And, we're going to make every effort to do just that. We'll be calling them "Inflation Fighters" and you'll find them in our email newsletters, our Community Forum and on our website. Just look for the words "Inflation Fighter" and you'll find articles to help you deal with the inflation that we're all facing.We're also starting a weekly email newsletter with articles specifically designed to help you become a Inflation Fighter. To subscribe send an email to subscribe-InflationFighters@hub.TheDollarStretcher.com.
Here's to a less expensive tomorrow!
Gary
