My Inflation Isn’t Like Your Inflation
Filed under: Economy, Personal Finance
We’re all familiar with the term “inflation,” and we have an idea of what it refers to: the increase in prices over time. You’ve probably seen the Consumer Price Index number, which is published regularly by the Bureau of Labor Statistics, and you may even know that over long periods, our inflation rate has averaged roughly 3%.
But there’s a lot more to it than that. That 3% is an average, not just across time, but of the prices that millions of people pay for the things they typically buy. It…
My Inflation Isn’t Like Your Inflation originally appeared on DailyFinance.com on 2012-08-30T11:00:00Z.
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