Project Description

There’s No Vaccine Against Inflation

Kiplinger’s Personal Finance

“One of the sad ironies of the waning COVID-19 pandemic is that just as Americans feel ready to dine in restaurants, board an airplane or go shopping in an actual store, everything seems a lot more expensive than it was a year ago. That’s not an illusion. Consumer prices rose 0.9% in October, up 6.2% from a year earlier, the largest increase in 31 years. Prices have risen across the board, affecting everything from eggs to TVs. Kiplinger forecasts an inflation rate of 2.8% by the end of 2022, a decline from 2021 but higher than the average annual rate of 2% over the past decade.”