Inflation is a process of continuously rising prices, or equivalently, of a continuously falling value of money... A continuously falling value of pins, or of refrigerators, or of potatoes would not be regarded as a major social problem, important though it might be for the people directly en...
Feeling the pinch from inflation & rising costs? You’re definitely not alone. If you’re looking for a handy tool to plan and track your finances, to achieve your life goals, consider OCBC Financial OneView. Through SGFinDex,OCBC Financial OneViewgives you greater clarity on your finances to...
than rates of change. Slowing inflation, for instance, doesn’t mean prices are falling — just that they’re not rising as quickly as they once were. Consumers who remember how much it cost to buy a cart of groceries or fill up their gas tank might still feel the pinch of inflation....
Meanwhile, if you're receiving a tax refund this year, you'll want to put it someplace where it outpaces inflation. Two surefire ways (at least for now) are to save with a high-yield savings account or a CD. Both options could help you earn close to a 4% rate of return. You cou...
Inflationis a tool used to measure how much the price of goods and services rise each year. And a rise in the inflation rate means that the cost of everyday items such as groceries is going up. Despite the cost of living rising dramatically, wages haven’t kept up with the pace. Salar...
If inflation has eaten away at your budget the way waves erode a beach, then your tax refund might just provide a much-needed protective barrier. As of March, prices are up 6% over the past 12 months, according to the most recentconsumer price index. At the same time, just over half ...
When you review your monthly expenditures, there are bound to be areas where you can trim to counteract rising inflation and help with the 20 percent part of the 50/30/20 rule: paying off debt and setting aside savings. Prioritize which of these and other nonessential items will stay in ...
Discover what inflation means and how it affects your purchasing power. Learn about inflation rates, their impact on the economy, and how to manage rising costs.
In the summer of 2021, however, inflation began to rear its ugly head once again, with U.S. consumer prices recording their largest annualized increases in more than 13 years.2From there, inflation continued to surge. Overall inflation in 2021 was 4.7% and it reached a peak of 9.1% in ...
Restaurants are cautious when choosing to raise their prices, as doing so can ultimately drive customers away. Before making the decision to do so, they might want to consider creative solutions. With the current state of inflation, the price of products are up, so taking a deep di...