INFLATION is really the devaluation of the fiat $ dollar, because we no longer have the gold standard or anything else to support the dollar.
The overall Consumer Price Index (CPI-U) spiked by 8.3% in April compared to a year ago, the second worst since 1981, slightly less red-hot then the 8.5% spike in March, according to data released by the Bureau of Labor Statistics today. On a month-to-month
basis, CPI jumped by 0.3%.
The headline measure of the drop in purchasing power of the dollar, the Consumer Price Index (CPI), released today, confirmed that inflation is spreading deeper into the economy and is tearing into services.
tracks the loss of the purchasing power of the consumer’s dollar, including the purchasing power of labor. It’s not a sign of growth or wealth or anything. In April, the purchasing power of $100 in January 2000 dropped to $58.39, and this is why
these kinds of price increases ruin the mood of American consumers.
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