http://www.uncommon-cents.net/2008/03/17/working-backwards-what-is-inflation/ (Hopefully) simple personal finance Sat, 30 Aug 2008 01:53:46 +0000 http://wordpress.org/?v=2.6.1 http://www.uncommon-cents.net/2008/03/17/working-backwards-what-is-inflation/#comment-364 Working Backwards: What is Inflation? Mon, 17 Mar 2008 22:24:13 +0000 http://www.uncommon-cents.net/2008/03/17/working-backwards-what-is-inflation/#comment-364 [...] Working Backwards: What is Inflation? Inflation is a rise in prices of goods and services over a period of time. Due to inflation, purchasing power of a set unit of money declines. If the current rate of inflation is 3 percent, what a dollar can buy today will require $1.03 to buy next year at this time. Inflation is measured in many ways. The Federal Open Market Committee (also known as “the Fed”) looks at the Consumer Price Index (CPI) as a gauge of inflation, both the “headline” CPI which attempts to measure total inflation, a [...] [...] Working Backwards: What is Inflation? Inflation is a rise in prices of goods and services over a period of time. Due to inflation, purchasing power of a set unit of money declines. If the current rate of inflation is 3 percent, what a dollar can buy today will require $1.03 to buy next year at this time. Inflation is measured in many ways. The Federal Open Market Committee (also known as “the Fed”) looks at the Consumer Price Index (CPI) as a gauge of inflation, both the “headline” CPI which attempts to measure total inflation, a [...]

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