Inflations

The pandemic has pushed an increase in inflation. Find out what this means for your budget. Its possible youre paying higher than usual at store. slight increase in price is likely to be result of an increase in rate of inflation. Inflation is amount that prices for products & services grow for certain period of period of. most common method of measuring inflation is through what is known as the Consumer Price Index [ CPI ]. which measures percent change in cost that urban residents for products as well as services. CPI is compiled in department of labors Bureau of Labor Statistics [ BLS ]. The current rate of inflation is 5.3 5 percent in latest data from September 2021 CPI. Its an increase of three times when over year 2020. This increase in price can be thought to be result of ups & downs in economic system caused by … Read more