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What is Inflation?

What is Inflation?

Posted On: June 1, 2022 by CSE Federal Credit Union in: Budgeting, CSE, Education, General

 

In recent months we’ve seen inflation at record levels. Higher prices have impacted all of the ‘staples’ in life from gas to groceries, to housing and vehicles. So, what is inflation? “The price of goods and services—stuff you buy—isn’t constant; prices change over time. When prices go up, that’s inflation. During moments of inflation, it takes more money to buy products or services. This means that purchasing power goes down.”1.  ...

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Tags: Budgeting, CSE, CSE FCU, CSE Federal Credit Union, Inflation, savings, Trimming budget, What is Inflation

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