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The Young Investors Podcast
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Is Everything Going Up by Ten %?
Inflation is just reflecting the average change in prices for a basket of goods. It's not saying that everything has gone up by a certain percentage, right? We had a ten % inflation rate for 20 21, for example. That doesn't mean thatEverything has gone up by 10%. If your wage hasn't gone up, but the cost of certain goods has then you have less money to spend on discretionary things or other things. In companies that don't have competitive advantages, when there is high inflation, they see higher costs because the cost of the materials to make the furns has gone up.
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