You may have noticed your paycheck is struggling to keep up with rising costs.
The prices you pay for everyday items were nearly five-and-a-half percent higher in July than a year ago, according to the US Bureau of Labor Statistics. We’re now seeing the biggest price increases in 13 years.
Here, Itay Goldstein, finance and economics professor at the Wharton School at the University of Pennsylvania, gets into what is driving this rise in inflation and when we may see it slowing down:
The post Why are prices on the rise right now? appeared first on Futurity.
from Futurity https://ift.tt/2XPWpwi
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