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In June 2022, inflation rose to a ghastly 9.1% of a 12-month trailing period, and the effects were felt everywhere. Food and gas prices were up sharply, housing costs rose in the double-digits ...
News about inflation has been everywhere over the past few years. But even if you haven't been watching TV or reading the financial press, you've no doubt felt some pain in your wallet as prices ...
The negative effects would include an increase in the opportunity cost of holding money; uncertainty over future inflation, which may discourage investment and savings; and, if inflation were rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future.
A deeper dive into the effects of inflation during the entire Biden presidency helps explain the prevailing malaise. ... however, consumers have to deal with the cumulative effect of rising prices ...
Consumers are so demoralized by inflation and high rates that they’ve given up on saving for the American Dream and are spending money instead, economist says Jason Ma May 19, 2024 at 1:40 PM
Recent reporting by Bloomberg Intelligence suggests that home insurance, if included, would increase consumer inflation by more than half a percentage point than the current CPI rate of 2.5%.
The public debate about inflation has caught on to what economists have long known: Price change—aka inflation—and prices are not the same thing. ... Over the past two years, the U.S. consumer ...
This has implications for federal policy, and suggests, rather than the Federal Reserve’s longtime target of 2% inflation, it could make sense to have a slightly higher overall inflation target ...