What Is Causing Inflation and How Does It Affect Your VacatioN?

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What Is Inflation The simple definition of inflation is the rate of price increases over time, causing a loss of purchasing power and increased living costs.

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Inflation is usually reported as an index value relative to the past year affecting an entire country’s economy

In the United States, it is measured by the Consumer Price Index (CPI) or Personal Consumption Expenditures (PCE) Price Index.

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Inflation rises if production costs rise and are passed on to the consumer. This often occurs for packaged food items, like breakfast cereals.

If prices increase, workers demand higher salaries to maintain living standards, and again, inflation increases.

FIND OUT WHAT IS CAUSING INFLATION AND HOW IT AFFECTS YOU