Home Business FAQ: Why inflation is rising and whether you should worry

FAQ: Why inflation is rising and whether you should worry

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Inflation is a fancy way of saying rising prices. Nearly every day, prices of food, clothes, airline tickets and more are moving around, as some brands hike prices and others offer discounts. For the past decade, inflation has averaged under 2 percent a year for the typical American. But suddenly, inflation is rising much faster. The latest government data showed prices rose 5 percent from a year earlier, triggering fears that the economy is overheating.

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