If there was a positive that came from the COVID-19 pandemic, it’s that inflation did not surge out of control. The price of goods remained somewhat flat.
But you may be worried about an inflation spike as the economy reopens. That’s understandable. The last thing we want is for inflation to outpace gains in our portfolios.
Inflation is the “general increase in the price of goods and services over time that corresponds with a decrease in the value of money.”
Simply put, inflation is the reduction of a currency’s purchasing power, or how much a dollar will buy, over time.
Inflation is watched by the average consumer. But is it also tracked by businesses and smart investors, like you. After all, no one likes to see the value of their savings diminish.
In this episode of The Bull & The Bear, we examine inflation, and where it might be heading next.
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