Inflation has been a relatively hot topic of discussion with the annualized inflation rate hitting 7.5% in January, the highest rate since the early 1980s. Inflationary pressures resulted from a combination of increased demand as the economy rebounded from COVID, and reduced supply because of COVID related supply chain issues. This blog will look at […]
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What’s Up With Inflation?
The rate of inflation in the United States is generally measured by the change in the Consumer Price Index (CPI), which is a weighted average of prices for a basket of consumer goods and services, including transportation, food, and medical care. The U.S. Bureau of Labor Statistics reports the change in the CPI each month. […]
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