I’m sure you’ve heard the term inflation before. But what does it mean? How is it calculated? I’m here to break down all the confusion about what inflation actually is. It might surprise you that your inflation number can be vastly different than somebody else’s!
Merriam Webster defines inflation as “a general increase in prices and fall in the purchasing value of money.” These prices are calculated by the Bureau of Labor Statistics using a metric called the CPI (Consumer Price Index).… Read More