Today the Federal Reserve announced it almost made the last interest rate rise at 0.5% rather than 0.25%. The evil, they say, is in the inflation rate. We keep spending our money, which keeps bumping up the price...

Or...

Is the bumping up of the price a reflection of buying the same amount of stuff, but for more money? If this is the case, and I suspect it is partly so, why is everything costing more money? Look no further than the price of oil. Oil is needed to bring stuff from around the world to where we are in Australia. It is needed to fertilize the large-scale farms that the global economy is now so dependent upon. Food, in case you hadn't noticed, is going through a marked incline in price. Since the price of oil virtually doubled in 2007, this has a flow-on effect in many parts of the economy, which includes food prices.

How to cope?

Turn off the TV and garden, and ride your bike!!! Doing these things is starting to make financial sense, not just health sense.

Peace,

Clive.