In January 2024, inflation in the United States accelerated to 7.5 percent, its highest level since February 1982, as a result of soaring energy costs, labor mismatches, and supply disruptions. But inflation is not a new phenomenon; countries have weathered inflation throughout history. A common comparison to the … See more Statistical agencies measure inflation by first determining the current value of a “basket” of various goods and services consumed by households, referred to as a price index. To calculate the rate of inflation, or … See more If inflation is one extreme of the pricing spectrum, deflation is the other. Deflation occurs when the overall level of prices in an economy declines and the purchasing power of currency … See more There are two primary types, or causes, of inflation: 1. Demand-pull inflation occurs when the demand for goods and services in the economy exceeds the economy’s ability to produce … See more When inflation occurs, companies typically pay more for input materials. One way for companies to offset losses and maintain gross margins is by raising prices for consumers, but if … See more
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Inflation in the U.S.: What You Need to Know - The New York Times
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