We see right before our very eyes how much basic consumer goods and services are soaring in price even from a year ago, but how many of us truly understand how inflation works and why it is rising so sharply? Inflation in the United States just recently hit a 40 year record, quickly rising to a massive 7.5%. Much of this is determined by an aggregate of consumer service industry verticals, commonly known as the consumer price index. It includes such industries as housing, medicine, recreation, transportation, food and beverage, and clothing, to name a few.
Learn more about what goes into the consumer price index and what you are able to do in order to protect your money and try to hedge your bets against soaring inflation prices in the visual deep dive below, courtesy of Expensivity: