Mark Dolliver's Takes: The Unlikely Villain - Inflation

Consumers worry, quite rightly, about rising unemployment and falling stock markets. But they must draw some comfort from the fact that inflation has been negligible in recent years. Mustn’t they? So we might suppose. Instead, though, surveys find that Americans feel beset by rising prices. In a Harris Poll on the daily hassles of life, respondents were asked to identify the ones that affected them in the past month. The top vote-getter was “rising prices,” cited by 69 percent.