Prices don’t drop when inflation eases. Why your wallet will be hurting for a while.

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Published : July 17th, 2022
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Yahoo-USATODAY/Medora Lee/7-5-2022

“When talking about inflation, it’s important to remember that inflation is a rate that measures how fast prices are rising. If the consumer inflation rate drops from its 40-year high of 8.6% in May, prices are still rising – just not as fast.'”

USAGOLD note: A simple but important observation about inflation…… The damage done to personal finances may be permanent, and as Lee points out, wages have a long way to go to catch up with the inflation already logged.

Read the rest of the article at USA Gold
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