Normally, 6%+ inflation would not be too big of a problem, but it is now. Fed policies have created what many refer to as the “everything bubble.” Raising interest rates enough to fight inflation would crash the economy. The main option is to let savers pay the price; A strategy they’ve used 3 times over the last 100 years.
5 reasons the CPI & PCE understate inflation, along with examples of questionable adjustments, methodology changes, and possible outright manipulation.
there are 3 primary inflation measures: The Consumer Price Index (CPI), The GDP Personal Consumption Expenditure Price Index (PCE), and the Producer Price Index (PPI).
The CPI focuses on US urban consumer prices paid, while the PCE focuses on domestic output regardless of who buys it, and the PPI focuses on US producer prices received.
Inflation is simply the loss of purchasing power of money over time. 3 Main causes: Supply/Cost push inflation, Demand pull inflation & monetary inflation.
You either work to protect against inflation, or inflation literally picks your pocket. Here are 30 ways to protect yourself from inflation.