{"id":1021,"date":"2021-11-25T06:56:22","date_gmt":"2021-11-25T06:56:22","guid":{"rendered":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/?p=1021"},"modified":"2021-11-25T06:59:00","modified_gmt":"2021-11-25T06:59:00","slug":"inflation","status":"publish","type":"post","link":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/inflation\/","title":{"rendered":"Inflation"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Inflation is the rate at which the value of a currency is falling and, consequently, the general level of prices for goods and services is rising.<\/li><li>Inflation is sometimes classified into three types: Demand-Pull inflation, Cost-Push inflation, and Built-In inflation.<\/li><li>The most commonly used inflation indexes are the Consumer Price Index (CPI) and the Wholesale Price Index (WPI).<\/li><li>Inflation can be viewed positively or negatively depending on the individual viewpoint and rate of change.<\/li><li>Those with tangible assets, like property or stocked commodities, may like to see some inflation as that raises the value of their assets.<\/li><\/ul>\n\n\n\n<p>The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording the biggest gain (30% vs 24.8% in September), namely gasoline (49.6%). Inflation also increased for shelter (3.5% vs 3.2%); food (5.3% vs 4.6%, the highest since January of 2009), namely food at home (5.4% vs 4.5%); new vehicles (9.8% vs 8.7%); used cars and trucks (26.4% percent vs 24.4%); transportation services (4.5% vs 4.4%); apparel (4.3% vs 3.4%); and medical care services (1.7% vs 0.9%). The monthly rate increased to 0.9% from 0.4% in September, also higher than forecasts of 0.6%, boosted by higher cost of energy, shelter, food, used cars and trucks, and new vehicles.\u00a0source:\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"http:\/\/www.bls.gov\/\">U.S. Bureau of Labor Statistics<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/tradingeconomics.com\/united-states\/inflation-cpi\">more information<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"588\" src=\"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-content\/uploads\/2021\/11\/capture_002_25112021_015539.jpg\" alt=\"\" class=\"wp-image-1022\" srcset=\"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-content\/uploads\/2021\/11\/capture_002_25112021_015539.jpg 756w, http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-content\/uploads\/2021\/11\/capture_002_25112021_015539-300x233.jpg 300w\" sizes=\"auto, (max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Inflation<\/p>\n\n\n\n<p>more spending and even more spending <\/p>\n\n\n\n<p>Gap in budget<\/p>\n\n\n\n<p>higher taxes<\/p>\n\n\n\n<p>higher gas prices <\/p>\n\n\n\n<p>supply chain shortage<\/p>\n\n\n\n<p>I think<\/p>\n\n\n\n<p>I am going to be busy <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KEY TAKEAWAYS Inflation is the rate at which the value of a currency is falling and, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1021","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/posts\/1021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/comments?post=1021"}],"version-history":[{"count":2,"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/posts\/1021\/revisions"}],"predecessor-version":[{"id":1025,"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/posts\/1021\/revisions\/1025"}],"wp:attachment":[{"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/media?parent=1021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/categories?post=1021"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.whatistandfor.co\/fightingcorruptionandworkriot\/wp-json\/wp\/v2\/tags?post=1021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}