In economics, inflation is an increase in the general price level of goods and services in an economy when the general price level rises each unit of currency buys fewer goods and services. Consequently, inflation corresponds to a reduction in the purchasing power of money. The annual inflation rate for the United States is 7.1% for the 12 months ended November 2022 after rising 7.7%.

Previously, according to US labor department data published December 12, the next inflation update is scheduled for release on January 12, 2023, at 8:30 AM. Lastly, I request the government to decrease the price of materials.

 

By: Shari Ganguzar

Turbat, Kech