Inflation
Its the fastest increase in prices since November. Its not a bad thing.
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Labor Department data published July 13.
. 1 day agoThe consumer price index a broad measure of everyday goods and services related to the cost of living soared 91 from a year ago above the 88 Dow Jones estimate. Consequently inflation corresponds to a reduction in the purchasing power of money. Inflation is the rate at which the value of a currency is falling and consequently the general level of prices for goods and services is rising.
In 1980 for example a movie ticket cost on average 289. 1 day agoInflation hit a fresh 40-year record in June with consumer prices increasing 91 over the last 12 months the Labor Department said Wednesday. The next inflation update is scheduled for release on August 10 at 830 am.
The annual inflation rate for the United States is 91 for the 12 months ended June 2022 the largest annual increase since November 1981 and after rising 86 previously according to US. To afford those necessities wages have to rise too. Inflation occurs when prices rise across the economy decreasing the purchasing power of your money.
3 When the general price level rises each unit of currency buys fewer goods and services. Food houses cars clothes toys etc. In economics inflation is a general increase in the prices of goods and services in an economy.
By 2019 the average price of a. Inflation is when the average price of virtually everything consumers buy goes up. Inflation is sometimes classified into three.
4 5 The opposite of inflation is deflation a sustained decrease in. That marked the fastest pace.
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