From Yahoo Finance: 2025-06-06 16:31:00

Inflation refers to the increase in prices for goods and services over time, affecting your purchasing power. The latest CPI data shows a 3.3% year-over-year rise in prices. Factors like demand, monetary policy, and supply chain disruptions can cause inflation. The president can influence inflation indirectly through fiscal policy, but the main responsibility lies with the Federal Reserve. Inflation can impact personal finances, reducing buying power. To combat inflation, consider cutting non-essential spending, boosting income, and rethinking your savings strategy.



Read more at Yahoo Finance: Does the president control inflation?