For annual inflation, for instance, the formula would look like this: Expressed as a percentage change. For instance, the CPI in June 2022 was 296.311. A year before, the figure was 271.696.

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It ...

The pandemic delivered a classic formula for global inflation. The pandemic shut down much of the global economy in 2020. When the world reopened, consumers found many products running short.

A real interest rate is one that has been adjusted for inflation, reflecting the real cost of funds to the borrower and the real yield to the lender.

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Inflation can benefit either lenders or borrowers, depending on ...