Prices rising in April this year over 4% from April of last year shocked many people because Americans have enjoyed decades of very low levels of price inflation. Should you be concerned about higher inflation? A one-month rise in prices isn’t a trend and if it were, it is nothing like the 30% increase in 1778 or the 20% rise in 1917. By world standards, the U.S. has enjoyed low levels of price increases.
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- Thursday, May 2, 2024