FAQ: Why inflation is rising and how to prepare for it

55 second read
0
14
Image without a caption

Inflation is a fancy way of saying rising prices. Nearly every day, prices of food, clothes, airline tickets and more are moving around, as some brands hike prices and others offer discounts. For the past decade, inflation has averaged under 2 percent a year for the typical American. But suddenly, inflation is rising much faster. The latest government data showed prices rose 5 percent from a year earlier, triggering fears that the economy is overheating.



Source link

Load More Related Articles
Load More In Business
Comments are closed.

Check Also

Should you take advantage of employer’s offer to work from home? Some say it could be a career-limiting move

As vaccination rates rise and employers start to think about resuming regular working rout…