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‘Tis the seasons to…pay higher prices? This year Christmas has not only brought with it a heavy dose of hot chocolate, carols, and cookies. It has included a lot of higher prices. Recently, the Bureau of Labor Statistics (BLS) informed us that prices rose by an average of almost 7% from November 2020 to November 2021 – the sharpest rise in prices in nearly 40 years! What does this BLS statistic mean? What factors are causing these price increases? Will prices continue to rise? Is all the money printing in Washington creating inflation? What is inflation, anyway?
In this episode of the Breaking Bad Advice podcast, we shed light on the concept of inflation, its causes, and where it is likely to go from here. If rising prices are affecting you, and you want to have an idea of where things go from here, then tune in!