Inflation predictions for ending 2022 and into 2023
Inflation in 2022 has been relatively low, with the Consumer Price Index (CPI) rising by an average of 1.8% according to data from the Bureau of Labor Statistics. This is slightly below the Federal Reserve’s target inflation rate of 2%, which is considered to be healthy for the economy.
I am Inflation, Destroyer of Worlds: Poor and Middle Class Get Smashed by Inflation.
Inflation, inflation, and inflation. People tend to think that inflation merely means higher prices. Yet the type of inflation we are dealing with is extremely problematic. Inflation is running at a multi-decade high clip at 6.2% annualized and it may be even worse since the way we measure inflation is an imperfect science. Inflation punishes […]
Gear up For Higher Prices through Inflation: You Should Christmas Shop Early Based on Shipping Costs.
The world is flush with access to capital and it is very clear that there is massive pent-up demand from the last 1.5 years because of the pandemic. As the US and other economies started to open, people have money to spend and are going out there and putting pressure on supply chains. For all […]
Inflation is Eroding Purchasing Power and Hurting Millennials the Most: Exploring the Cost of Two Important Items from 2000 to 2020.
While we are still dealing with the fallout brought on by Covid-19, the group most impacted by the pandemic is young workers. They are disproportionately shouldering the hits that have come from the pandemic. Many are unable to telework and others are employed by industries that tend to pay less and have largely shut down […]