LINKTV Deutsche Welle Journal February 25, 2013
What is inflation . Her. Here at the bureau of labor statistics, they measure inflation, in a sense, with the Consumer Price index, totaling the costs of goods and services, then comparing them from month to month and year to year. Inflation has affected everybody. Some look back nostalgically to the threecent postage stamp. When prices go up a little, were not surprised. But when they get out of hand, we take notice, as we did in the late 1960s when prices began spiraling upward. What caused that spiral . As the country grew in the 1950s, no one was worried about inflation. Then late in the d...