Big-picture inflation, like the 9.1% Consumer Price Index increase we saw in June, is definitely an attention catcher. But it actually may not cover all the ways your budget is taking a hit.
In addition to the very visible increases in the cost of things from houses to hamburger, businesses often look for inventive ways to increase their revenue that don’t involve changing sticker prices. Each one may seem small by itself; some of them we may not even notice or we may quickly forget about. But they can all have an impact on our personal bottom lines.
These are some business trends that could help explain your personal inflation experience:
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