Inflation
The impact of inflation differs on different sectors of the economy with some sectors being adversely impacted while others benefitting. Inflation is when the average price of virtually everything consumers buy goes up.
What Is Inflation Infographic Infographic Health Personal Finance
Labor Department data published November 10.
. United States Inflation Rate Annual inflation rate in the US accelerated to 68 in November of 2021 the highest since June of 1982 and in line with forecasts. Food houses cars clothes toys etc. Inflation is the decrease in the purchasing power of a currency.
That is when the general level of prices rise each monetary unit can buy fewer goods and services in aggregate. To afford those necessities wages have. Inflation occurs when prices rise decreasing the purchasing power of your dollars.
Inflation is largely a result of increases in the money supply months or even years previously. A quantitative estimate of the rate at which the decline in purchasing power occurs can be. The next inflation update is scheduled for release on December 10 at 830 am.
In 1980 for example a movie ticket cost on average 289. The annual inflation rate for the United States is 62 for the 12 months ended October 2021 the highest since November 1990 and after rising 54 previously according to US. Inflation is the decline of purchasing power of a given currency over time.
Because of this serious lag in the time between the money creation and the time it shows up in the economy the FED must estimate the impact their money creation efforts will have years in advance.
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