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.
