))
Inflation Part 1: Why It Feels Higher Than What The News Says
Manage episode 307331458 series 2925791
Content provided by Wyatt Yates | Biz AccountPros. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Wyatt Yates | Biz AccountPros or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
This is part 1 of our 3 part series on inflation. Inflation measured by the Consumer Price Index (CPI) hit a 30 year high in October 2021 at 6.2%. However, depending on your situation you may be experiencing higher or lower price increases with your spending. How is that possible? Why are you experiencing a different number than what the news channels are telling you?
In this episode, I dive into the reasons behind how what you are experiencing is most likely different than what you are hearing. How is inflation calculated? Who calculates it? What is missing from the calculation? Do your spending patterns match the average spending patterns used in the calculation of inflation? What areas of consumer spending are experiencing the highest increases in prices? Listen to find out.
28 episodes
Share
