The reason why the inflation matter is because it has an huge impact on the price of everything.
It is important for you to understand what it is. Because it isn’t just a word the politicians like to use.
It seems like everything was cheaper in the past but believe it or not people earned less than we do today.
The price of Coca-Cola is a good example here because it has increased twelvefold since the company of Coca-Cola was created in 1886. And thats why the saying “I remember when a soda pop only cost me a nickel” is so popular when it comes to the elderly members of every society. When the elderly folks say this they mean the inflation is getting higher and higher.
The reason why inflation matter so much is because the inflation affects the prices of everything no matter if it is cars, real estate, groceries, electronics, bills to pay etc.
Following how the inflation is going can help you a little bit to make the decisions about your money no matter if we are talking about making decisions now or in the future.