Inflation is the fault of Corporate America, according to President Joe Biden and other politicians. Corporate America accuses the administration of pumping too much money into the economy through its pandemic assistance initiatives. Regardless of which of the two primary inflation gauges you choose the Consumer Price Index or the Fed-favored Personal Consumption Expenditures price […]

Inflation adjustments may cause your future pension payments to increase from time to time, just as you may receive a pay raise while working to help offset increases in the cost of living. These changes allow your pension to keep up with rising living costs. To date, the Public Service Pension Board of Trustees has

.The inflation rate in 1970 was greater than the average annual inflation rate of 3.90 percent between 1970 and 2022. In the 1970s, what was the highest rate of inflation in the United States? Burns and the Open Market Committee of the Federal Reserve, which decides on money creation policy, quickly provided low-cost money. Burns

Following a 0.7 percent increase in 2020, the CPI increased by 3.4 percent on an annual average basis in 2021. This was the fastest growth rate since 1991 (+5.6%). The annual average CPI climbed 2.4 percent in 2021, slightly faster than in 2020 (+1.3 percent) and slightly faster than in 2019 (+2.3 percent). Seven of

Inflation isn’t going away anytime soon. In fact, prices are rising faster than they have been since the early 1980s. According to the most current Consumer Price Index (CPI) report, prices increased 7.9% in February compared to the previous year. Since January 1982, this is the largest annualized increase in CPI inflation. Even when volatile

For years, the rate of inflation in the United States was low, which benefited American consumers by keeping their dollar’s purchasing power stable and robust. That is no longer the case. Higher inflation is bad for everyone, but it is especially bad for those on fixed incomes, such as pensioners and retirees. If their pension