[DeaconBenjamin]

It’s not that food and everything else is more expensive; it’s that our dollars are getting smaller.

But the yen, and yuan, and euros, and pounds are substantially keeping pace (let alone the various pesos).

[Oberon]

But the yen, and yuan, and euros, and pounds are substantially keeping pace (let alone the various pesos).

But, oddly, the currencies of many Gulf states whose primary export is petroleum and whose currencies are pegged to the dollar are having record inflation.

Consider the following story:

http://www.freerepublic.com/focus/f-news/1976495/posts

This can't be true unless the currency is actually being devalued. If it weren't, the net effect on the gulf states would be a wash.