The Inflation Mirage: Why 3. 4% Still Hurts As I gaze out at financial news headlines, a familiar phrase comes to mind: "inflation is good.
" This notion, popularized by former President Donald Trump, suggests that a little inflation is healthy – a sign of a growing economy. However, what does it really mean for the average American?
The latest numbers are telling. The July Consumer Price Index (CPI) showed prices up 3. 4% from a year earlier. While this might seem like an improvement over last year's 9.