Real earnings (wages minus inflation) vary greatly from one household to the next. Consumers’ experiences will vary depending on their jobs and the products they purchase. For example, workers in the lowest-paying sector of the US economy, leisure and hospitality, received an almost 16 percent boost in 2021, to $16.97 an hour. That means that […]
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Ghana’s annual inflation rate increased for the eighth consecutive month in January 2022, rising from 12.6 percent in December 2021 to 13.9 percent in January 2022. What is the current rate of inflation? According to U.S. Labor Department data published March 10, the annual inflation rate in the United States was 7.9 percent for the
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The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. What will be the rate of inflation from 2020 to 2021? From December 2020 to December 2021, the Consumer Price Index, the most widely used
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Gold has long been thought to be a good inflation hedge. In reality, many people have looked to gold as a “alternative currency,” especially in countries where the national currency is depreciating. When their own currency fails, these countries often resort to gold or other strong currencies. Gold is a genuine, tangible asset that, for
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Demand-pull inflation, cost-push inflation, and built-in inflation are the three basic sources of inflation. Demand-pull inflation occurs when there are insufficient items or services to meet demand, leading prices to rise. On the other side, cost-push inflation happens when the cost of producing goods and services rises, causing businesses to raise their prices. Finally, workers
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Inflation is “the increase in the prices of goods and services over time,” according to the definition. The Federal Reserve monitors many price indexes that measure changes in the price of a collection of goods and services in order to assess inflation developments. Why is inflation so high right now? As the United States recovered
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Investing amid inflation, of course, has the major benefit of preserving the value of your portfolio. The second reason is that you want your savings to continue to increase. It can also lead to diversification, which is always a good idea. Spreading risk over a diverse group of holdings is a tried-and-true strategy of portfolio
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Michael Acquisto, a top real estate agent in Texas, and his wife Shana Acquisto (both with 19 years of experience), say: “You can’t predict when things will happen, so you have to do what’s best for you.” Home values, on the other hand, are usually at their highest just before a recession occurs. You’ll have
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But, according to Tara Sinclair, an economics professor at George Washington University and a senior fellow at Indeed’s Hiring Lab, one of the finest investments you can make to recession-proof your life is obtaining an education. Those with a bachelor’s degree or higher have a substantially lower unemployment rate than those with a high school
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Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, foods, feeds, and drinks, as well as industrial supplies and materials, were major contributors to the growth in
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