by Alexander Frei
Daily Signal
Americans can readily see the effects of record-high inflation every time they shop. Prices have soared, from the grocery store to the gas pumps. Although inflation has cooled, families are still feeling the pinch.
And the harm doesn’t end there: Inflation also is making stock markets appear stronger than they really are and cutting into returns for everyone, including those with retirement accounts.
We seldom hear about that last point. When media outlets discuss the latest inflation rate, they typically highlight the average annual percentage change in the consumer price index. The CPI tracks a basketful of goods, including housing, food, energy, insurance, and more, measuring the average price increases of these items over time.