rate of inflation

Consumers are just as good as professional economists at predicting the rate of inflation, a new survey finds.

American banks paid an average of 4.35% on three-month certificates of deposit. Then came the mortgage mess, and the Fed's crash program of interest-rate therapy.

Today, a three-month CD yields just 2.65%, or little more than half the measured rate of inflation.

Worried about the 4 percent rate of inflation in the US? Consider Zimbabwe's shocking 100,000 percent inflation rate, forcing the government to release a 10,000,000 dollar note (equivalent to less than $4 USD).

Here are world currencies inflated beyond reason.

Zimbabwean businesses have removed three zeros from the local currency, as the ever-escalating rate of inflation has resulted in hundreds of millions, billions and trillion dollar transactions, which are not conducive with available software and machines.