Perhaps it is even higher than that. We have a hard time figuring the exact amount of inflation. Even economists are having a hard time nailing down a concrete number because there are too many levers being pulled to try to hide the increases. Products are coming out with smaller quantities at the same or only slightly higher prices (within the 8-10% rate range). The cost of daily items are hitting the lower income groups harder than the middle class, but the middle class is inching closer to lower class and many are closing the gap with credit. This is a very dangerous and temporary solution that bites back in the end and can be the final nail in the coffin for a very large number of people. A crash is definitely coming, but the results of the crash are unknown. The big cities are going to be very dangerous. Take care of yourselves pedes. Stock up and be prepared to weather the storm.