Friday, December 20, 2013

The Consumer Has Been Wiped Out By Food And Energy Inflation Since 2007

energy inflation up 7.75%
food inflation up 15%
average hourly earnings up 14.1%















Average hourly earnings for all employees are up 14.1% from November 2007 to November 2013, but energy inflation is up 7.75% and food inflation is up 15% over the same period.

You can't eat a cheaper iPhone.