Commerce Department figures show inflation to be running at about 2 per cent this year, increasing to 2.5 per cent in 2014. Manageable. They don't like to count food and energy. They're so damn volatile, don't you know.
Some economist offer a mixed bag during the second Obama term. Starting in 2014, food, energy and medical insurance will be increasing at an annual rate of 25 percent. These increases will be offset by future decreases in the cost of housing, automobiles, vacations, clothing, raw materials and capital goods.
So quit your bitching and stop bothering Bill Cunningham with your paranoia. Everything is OK.