Category archives: inflation

The Commerce Department reported on Dec. 23 that the headline Personal Consumption Expenditures (PCE) price index rose by 5.7 percent in the 12 months through November. The highest level since July 1982, when PCE inflation hit 5.8 percent.

PWBM, a nonpartisan research-based initiative, estimates that the historic levels of inflation will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in 2019 or 2020…

According to data from the Bureau of Labor Statistics, the Consumer Price Index increased 6.8 percent in the 12 months through November, the fastest climb in 39 years.

Business opportunities are still out there, but it will take a long time for those spaces to be filled by fresh capital and entrepreneurs.

A survey released on Dec. 6 by NABE shows that its panel of forecasters expects consumer prices to rise 6 percent in the final quarter of the year compared to the year-ago quarter.

Currently, inflation of the U.S. dollar is at its highest level since 1990.

Goldman Sachs is predicting that persistently high inflation will force the Fed to roll back stimulus more aggressively.

Overall, a Thanksgiving dinner, including a turkey and all the different side-dishes, will cost between 4 percent and 5 percent more in 2021 than in 2020, Veronica Nigh, senior economist at the American Farm Bureau Federation said.

As of Oct. 27, the national average for a gallon of regular gasoline rose to $3.394 from the prior day’s $3.389 and up from the month ago average of $3.189, according to AAA.

By taking a proactive approach, you can continue operating with minimum disruption.