Personal Finance
Better Finances for a Better You
Topic: "Consumer Price Index (CPI)"
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Infographic of the week
Mapped: How Much Americans Spend on Groceries in Each State
Since August 2020, prices for “food at home” (groceries) have increased by 20% according to data from the Bureau of Labor Statistics, the steepest inflation seen since the 1970s. On average, American households are paying about $270 per week ($1,080 a month) for groceries, according to Delish, which sourced their findings from the latest Census Bureau estimates.
U.S. States by Weekly Grocery Bills →Word of the week
Purchasing Power
Purchasing power refers to the amount of goods or services that can be purchased with a unit of currency at a specific time. Over time, inflation reduces the purchasing power of a currency.
Understanding Purchasing Power and the Consumer Price Index →Budgeting
With higher housing, transportation costs and food prices, many people feel the effects of inflation each time they open their wallets.
Budget Busters — The Impact of Inflation on Everyday Life By Amanda Reaume →Word of the week
Consumer Price Index (CPI)
A measure of the average change over time in prices paid by consumers, for a basket of consumers goods and services.
Why the Consumer Price Index (CPI) is Important →Did you know?
Canadian gasoline prices dropped year over year for the second consecutive month in March (-13.8%), the largest yearly decline since July 2020.
Statistics Canada has an interactive tool that allows you to explore your personal rate of inflation, based on the goods and services you consume →Word of the week
Inflation
Inflation is a persistent rise in the average level of prices over time.
Price check: Inflation in Canada →← Curating the web to find the most interesting and helpful information about your money.