The big news out today from the BLS is that inflation is running at 7.5 percent for all items measured in the index. To put this into context, if you earn $100,000 per year, you just lost $7,500 in purchasing power.
On a side note, the author of this post has been on holiday which is why there have been fewer posts this week and one of the strange occurrences on my vacation was in visiting grocery stores and being unable to find any chicken any where this week.
There have been continued sporadic shortages of items all across the world and it merely depends on what items is in shortage in a particular area although news reports indicate the problem may be over soon with covid restrictions starting to wind down in many places across the world.
The best thing to do is continue to look for ways to earn extra income during high inflationary periods. Our defensive stock portfolio has been doing quite well in this environment, let’s hope the trend continues.
Stay tuned and stay solvent…
[…] wrote about US inflation topping out at a whopping 7.5 percent last week so we were curious about inflation with the U.S. top trading partners and the math came […]