Inflation is now a part of our life. Particularly In the last 3 years (see chart below), the United States and much of the world has been in the crosshairs of the diminishing value of currency…also called “inflation” or “rising prices”.
Inflation is important to understand and monitor for many reasons:
- Shopping options
- Housing choices
- Automotive and Transportation Costs
- Business Decisions
- Travel Choices
- Investment Choices and strategies
- Retirement plans
- Insurance and replacement value costs
- Increasing incentives for using automation, AI, self checkout, etc. in economy
- Many more ongoing and emerging pressures
Kaspar Media shares with you a useful site to help you monitor Inflation and observe its impact on your household, business, farm and family.
Feel free to set up a permanent link on your computer to help you monitor inflation using the U.S. Bureau of Labor Statistics Consumer Price Index site:
The Homepage for this site is: www.bls.gov/cpi
It may take you several visits to understand and navigate this site. We hope you find it useful.
We created a graph from that site. (Below) You can create your own graphs and charts using data, too.
Link to page we used to create chart below: https://www.bls.gov/cpi/data.htm
