Is inflation good? Who is it bad for? what are the possible benefits?<\/p>\n\n\n\n
Economists disagree on whether or not inflation is a good thing. Some point out that it makes debt manageable, keeps housing prices in check, and allows the Federal Reserve to regulate interest rates. But others worry that it erodes purchasing power more than increased wages can support.<\/p>\n\n\n\n
Keep reading to find it if inflation could, in fact, personally benefit you.<\/p>\n\n\n\n\n\n\n\n
Generally, economists agree that sudden, dramatic inflation benefits no one, but they\u2019re divided as to whether a higher rate of steady inflation is good or bad for the economy as a whole<\/strong>.<\/p>\n\n\n\n Consumer prices rose last September by 5.4% compared to their levels in 2020. Increases are uneven, with some areas of the economy seeing even higher surges\u2014last year, new cars were selling for 8.7% more than the year prior and used cars for 24.4% more. Furniture prices are up by 11.2% and appliances by 9.6%. And rent, largely seen as a precursor of future inflation, rose by 0.5% from August to September 2021, the largest monthly increase since 2001.<\/p>\n\n\n\nThe Good<\/h3>\n\n\n\n