Understanding Inflation: Causes, Effects, and Historical Context on Nostr: Understanding Inflation: Causes, Effects, and Historical Context =============== ...
Understanding Inflation: Causes, Effects, and Historical Context
===============
#98fc74b4 ver:0.22
Inflation is the decline of purchasing power in an economy caused by rising prices. It is a major concern in the United States, with the Consumer Price Index (CPI) showing an inflation rate of 3.5% in March, a 0.4% increase compared to February. The Biden administration's projected deficits are contributing to the upward pressure on prices, according to Florida Atlantic University Economics Professor William Luther. He also highlights the lag in housing component data as an issue in predicting inflation. Despite President Joe Biden's claim that inflation has been reduced to 3% from 9%, Luther argues that deficits are expected to continue to grow under Biden, resulting in upward pressure on prices .
As the concerns over high inflation and rising deficits persist, the 2024 election is appro...
#newstr #Inflation #UnitedStates #Wars #OilCrises #Pandemic
https://here.news/story/98fc74b4?ver=0.22
===============
#98fc74b4 ver:0.22
Inflation is the decline of purchasing power in an economy caused by rising prices. It is a major concern in the United States, with the Consumer Price Index (CPI) showing an inflation rate of 3.5% in March, a 0.4% increase compared to February. The Biden administration's projected deficits are contributing to the upward pressure on prices, according to Florida Atlantic University Economics Professor William Luther. He also highlights the lag in housing component data as an issue in predicting inflation. Despite President Joe Biden's claim that inflation has been reduced to 3% from 9%, Luther argues that deficits are expected to continue to grow under Biden, resulting in upward pressure on prices .
As the concerns over high inflation and rising deficits persist, the 2024 election is appro...
#newstr #Inflation #UnitedStates #Wars #OilCrises #Pandemic
https://here.news/story/98fc74b4?ver=0.22