Inflation is here: it’s large, it’s in charge, it’s up 8.5% as of March 2022, which is the biggest 12-month increase since 1981. Woohoo! Aren’t we lucky! But all is not (totally) lost because inflation doesn’t impact all prices equally. As we’ll explore together today, this is an uneven inflationary period: almost everything is more expensive, but some things are hit harder than others.
What Exactly IS Inflation???!!!
Before we dive into how inflation affects us on an individual level, let’s spend some time in Liz’s Definition Corner. Inflation is one of those terms everyone thinks they should know and assumes everyone else knows, but in reality a lot of us are not sure but afraid to ask because we assume everyone else knows…
I kind of knew what inflation was before this year–like in very general terms–but now I’m deeply curious about what it really is.
Continue reading How to Survive Inflation and Make it Work for You at Frugalwoods.