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How Inflation Works

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:

Why is Inflation so High?
Source: Expensivity

Brian Wallace
Brian Wallacehttps://nowsourcing.com/
Brian Wallace is the Founder and President of NowSourcing, an industry leading content marketing agency that makes the world's ideas simple, visual, and influential. Brian is the go-to resource for visual storytelling in the crypto / blockchain market since 2015, representing numerous cryptocurrency-related publications, and others getting press and funding in the space. Brian has been named a Google Small Business Advisor for 2016-present and joined the SXSW Advisory Board in 2019-present.


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