Read? How Inflation Affects Your Cost of Living
When the Going Gets Expensive
It’s easy for most people to feel the effects of cost-of-living increases in their daily life. But rising prices hit the lower and middle classes especially hard. Higher food, gasoline and utility costs mean less money remains once these necessities are paid for, leaving little for savings or discretionary spending. To compensate for the rise in prices, consumers tend to buy less, switch to less-expensive substitutes or drive farther to find bargains.
Uncle8888 is still trying hard to understand how (1) past inflationary rate has actually affected his household living expenses as compared to theoretical extrapolation based on 2.5% yearly inflationary rate; and (2) future yearly 2.5% inflationary rate starting from 2019.