Economy

Duke Economists: Inflation Targets Where Low-Income Families Are ‘Most Vulnerable’

Recently, inflation for the price of food, fuel and other staples hit a record 30-year high. Inflation corresponds to a decrease in purchasing power. When the price of a good increases, the purchasing power of the dollar can buy fewer goods and services. Duke University economists recently discussed the causes of inflation from pandemic relief and how it can affect a day-to-day life.

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