Heard a rumor that inflation is creeping into the economy again - is that true?

ads answered 8 months ago …

Can't quote any articles off the top of my head, but I suspect that inflation will start to rise (at least in the U.S.) within the next year or two simply due to the incredible amount of debt that the U.S. government is putting on the market to cover the costs of the "bailouts". The more the debt increases, the more the likelihood that some other nations and investors will start o question the value of the U.S. dollar, which could very well result in its value dropping relative to other currencies, which in turn results in less buying power from the US$ as compared to other currencies. While MNSL brings up a good point that some cost of living expenses have not decreased yet but should in the near future, I have to disagree that long term prices will fall much, as I expect that energy costs will start to increase again before too long, but can not say if it will be within the next couple of months or if it will be a couple of years down the road. Thus I suspect that within the next couple of years we will see inflation start to get out of hand to some degree (hoping that it doesn't happen to quickly though as I'm getting ready to build a house and am hoping to get it completed before it happens so that I can get into a mortgage before the interest rates shoot up (which will happen as inflation increases).