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:
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