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The Ugly Truth About Inflation (And Why It’s Ruining Your Financial Life)

The Financial Confessions

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Introduction

Inflation is a rise in prices which can be translated as the decline of purchasing power over time. The US Bureau of Data Statistics releases something called a market basket once a month. This basket is basically a virtual shopping cart filled with goods and services that people usually need to buy. So if you imagine comparing the price of the item in that basket today to the price in the past, if the prices have gone up, that's inflation.

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