CPI: The Impact of Rising Prices

The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

According to reports from the Bureau of Labor Statistics, consumer prices continue to rise. After a difficult couple of years, Americans are feeling the pinch of higher prices. The cost of fuel, utility bills and daily operations.

The pandemic halted production on all fronts substantially. Many companies are trying to recoup lost income or struggling to regain footing.

TakeAway: Financial advisors are great in managing your personal and professional transactions, no matter your status. It important to develop a habit of learning finances. What affects one affects all.

April is Financial Literacy Month and I will be talking a lot about building a great portfolio.

-Denetra