Inflation is one of the cruelest taxes devised by government
When the federal government tries to deliver more services or free stuff than it can pay for, it either raises taxes on its citizens or more than likely it prints new money and creates new debt obligations on its taxpayers. That is exactly how the national debt spiked to approximately $33 trillion. Our benevolent Government simply counterfeited some more new money and added it to the money already, circulating in the marketplace. Our government picks and chooses which, inflation index to quote each month or year. They quote either the Core Inflation Rate, which (excludes food and energy) if that rate appears to be trending lower or they report the CPI (consumer price index) if it appears to