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Daily Archives: December 22, 2022

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The Inflation Experience Is Painful and Personal

Blog, Economy/Stock MarketBy Editorial TeamDecember 22, 2022

Inflation is a sustained increase in prices that reduces the purchasing power of your money over time. According to the Consumer Price Index (CPI), inflation peaked at an annual rate of 9.1% in June 2022, the fastest pace since 1981, before ticking down to 7.7% in October.

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