As you know if you follow the news, the U.S. dollar has been losing value when compared to other currencies around the world. I don’t know much about currencies, but I know that means anything dealing with something from outside the country (say, traveling overseas or imported food) is going to be more expensive.
Someone who understands this stuff has explained what effect the devaluation of the dollar might have on ordinary U.S. people like myself.
Updated July 14, 2010 and originally published November 18, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.