Why is Inflation So High?

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inflation

If you’re like most people, you have been noticing that basic food, gas and supply costs have been rising like crazy right now. In fact, inflation just went up by 6.8% in the United States – this was the largest run up of inflation over the last 30 years. But why it is going up so sharply? Much of this has to do with a high rate of inflation. Inflation is based on the Consumer Price Index (CPI), a composite of a ‘basket of goods’ that include housing, food and beverage, clothing, education, medicine, recreation, and transportation costs, just to name a few.

What can you do to stay ahead of inflation? Knowledge it power – keep yourself informed about why inflation is so high through the following visual deep dive below:

Why is Inflation so High?
Source: Expensivity


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