We are good for now…
As we head into 2022, it is hard to believe that we have been living with Covid for over two years. I hope we are starting a new chapter in the Covid story. Inflation still does not seem to be the hot conversation topic for investment news. We believe that we have started to hit the peak cycle in the rate of change with respect to inflation. The rate of change of inflation will start to decline but the absolute numbers will be high.
Understanding Inflation
With the rise in prices, we thought a brief primer on inflation was warranted. The simple definition of inflation is the sustained upward movement in the overall price level of goods and services in an economy. The result of inflation is it takes more money to buy the same amount of goods and services than it did in the past.