7.1% of Your Purchasing Power LOST! | CPI Rose 7.1%

The Consumer Price Index increased 7.1 percent over the last 12 months to an index level of 297.711. For the month, the index decreased 0.1 percent prior to seasonal adjustment. (US Bureau of Labor Statistics - https://www.bls.gov/news.release/cpi.nr0.htm)

In this video, we talk about this big news, its massive implications, why you should not be celebrating this "lesser" price rise, and what you should be doing about it as this still means a 7.1% loss in your purchasing power.

Listen to the podcast:
https://podcasts.apple.com/us/podcast/7-1-of-your-purchasing-power-lost-cpi-rose-7-1/id1569730848?i=1000590258269
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Chapters:

00:00 - Intro
01:11 - Index for shelter as the largest contributor to the increase
02:31 - Energy dragging the rate down
03:16 - Celebrating the 7.1% CPI?
06:01 - Why the government likes inflation
07:15 - Exporting inflation
08:54 - What caused the 9% inflation rate
09:46 - What you can do about inflation
10:34 - Conclusion and final thoughts
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SOURCES

US Bureau of Labor Statistics:
https://www.bls.gov/news.release/cpi.nr0.htm

Consumer prices rose less than expected in November, up 7.1% from a year ago
https://www.cnbc.com/2022/12/13/cpi-inflation-november-2022-.html

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🍁 ABOUT 🍁

David Ruff is a seasoned real estate investor, Real Estate Broker, a Licensed REALTOR® and the head of Ruff Team Realty, a full-service, results-based real estate team operating out of RE/MAX Urban Toronto. His team works where their clients need, specializing everywhere in the Greater Toronto Area—from Oshawa to Hamilton up to Barrie.

He is the host of The Science of Real Estate Podcast, a platform with a sole mission of helping people build generational wealth using the power of smart money mechanics with the cornerstone always being real estate.
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DISCLAIMER: Some of the links and other products that appear on this video are from companies which David Ruff will earn an affiliate commission or referral bonus at no additional cost to you. This is not investment advice; it is an opinion for information or educational purposes only and is accurate as of the posting date.
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Видео 7.1% of Your Purchasing Power LOST! | CPI Rose 7.1% канала Ruff Team Realty