Saturday, December 16, 2006

No inflation here, move along, nothing to see here...

Soaring metals prices mean that the value of the metal in pennies and nickels exceeds the face value of the coins. Based on current metals prices, the value of the metal in a nickel is now 6.99 cents, while the penny's metal is worth 1.12 cents, according to the U.S. Mint.

According to the government's Consumer Price Index, the inflation rate in the US is negligible, but it seems to me that this is a more accurate indicator of inflation.

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