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Consumer Price Index Rose 19% Since 2021, Reducing Real Incomes

 As the dust settles on the latest economic data, one thing is abundantly clear: inflation isn't showing any signs of backing down, and the consequences are hitting people hard.

Inflation, though largely expected, remains stubbornly high, far beyond the Fed's comfort zone.

Despite the Fed's target of 2.0 percent inflation, the current trajectory falls woefully short.

With inflation running at 0.3 percent per month, annualized figures paint a grim picture of sustained price hikes.

See also Current Inflation Track Compared to the 1970s - higher rates and bank chaos ahead. If we had "Normal" inflation since January 2021, total consumer price index inflation would be 6% today.

Consider this: a $100k salary in 2021 now holds the purchasing power of just $87k. It's a stark reminder of the erosion of wealth that inflation brings, leaving individuals and families grappling with the harsh reality of diminished incomes and heightened financial strain.

Inflation isn't just a number on a screen-it's a tangible hardship for millions of Americans.

https://citizenwatchreport.com/inflation-hits-19-real-incomes-plummet-100k-now-equals-87k-in-purchasing-power/ 

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