How inflation affect your daily life and cost of living
Up until very recently, inflation had not been talked about, and for good reason. In late 2019, the overall annual rate of inflation was running at just about 1.8% according to the Consumer Price Index (CPI).1 Similarly, the U.S. Department of Agriculture reported that retail food prices were 1.8% higher in February 2020 than they had been the year before.2 In the summer of 2021, however, inflation began to rear its ugly head once again, with U.S. consumer prices recording their largest annualized increases in more than 13 years.3 Whether higher prices will stick around, or if it is just transitory as a result […]