Last week, we saw Year over Year inflation numbers for the month of March and the results were worse than we expected. With the annual inflation rate at 8.5%, Michael Wallin and Stacey Andres wanted to revisit our discussion of inflation.
First, we define inflation and talk about how it's measured. Michael looks at what goods cost from 1972 to 2002 and now 2022. And we talk about what all these numbers mean for you, as the listener.
Inflation doesn't affect everyone the same. We talk about factors such as location, income level, socioeconomic status, and need. For example. the high price of cars doesn't affect you if you're not buying a car.
Again, the three factors driving inflation are Money Supply, Supply and Demand, and Energy. We take a look at where we stand in each of these areas and how current policies in Washington are affecting them.
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