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78% Of Americans Are Concerned About Inflation

As concerns about inflation rise among Americans, we take a look at the "what" and "why" of it and the two distinct schools of thought behind the economic indicator.

Hot air balloons taking off

Nearly four out of five Americans in the Investor's Business Daily/TIPP Poll completed early July are concerned about inflation.  The fears are justified, given that the price of gasoline at the pump has increased by 45 percent in the last year, used car prices by 45 percent, airline fares by 25 percent, and auto insurance by 11 percent.

The poll asked, "How concerned are you about inflation in the U.S. in the coming three months?" The data reads:

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