Why Do Inflation Rates Feel So Crazy Right Now?

Imagine you have a piggy bank full of money that buys you a bag of candy. One day, the same bag of candy costs more money, and your piggy bank doesn’t feel as full anymore. That’s like inflation! When prices go up over time, it feels like your money is worth less. Right now, lots of things are getting more expensive faster than usual, which makes people feel like inflation is wild or even a bit crazy.

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Examples

  1. A loaf of bread used to cost $2, now it’s $3, that’s inflation!
  2. Your parents could buy more with their money when they were younger than you can now.
  3. Prices went up so fast in the past year, people think inflation is crazy!

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Categories: Economics · inflation· economy· prices· money· economic trends