The Consumer is spending more for:
- gasoline
- food
- clothes
- personal items
Why do we even have inflation?
When there is more money in the marketplace than there are supplies or items to purchase, then the price of those supplies and items will increase...
This is economics 101.
Another way to look at this...
If there are more people looking for work than there are jobs available then the salary paid for those workers will decrease...
If, on the other hand, there are fewer people looking for work than there are jobs available, then the salary paid for those workers will increase...
ANYTIME prices increase, we are experiencing INFLATION.
We are paying about $1 more per gallon of gasoline than we were paying a year ago.
That means you are paying about $15 more for a tank of gasoline than you were last year.
If you purchase a tank of gasoline each week, then gasoline costs to you over a year's period of time will increase by $780...
Now...
if you pay more for gasoline and more for food and more for other items, then your cost of living could increase by $2,500 over the next year....
How is inflation influencing your LIFE???
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