You’re Paying Much More for Groceries in 2022. Here’s What to Do.

Here’s a phrase every consumer should understand: “purchasing power”. It represents the value of the money a consumer uses to buy products and services.

The term is closely associated with the US Consumer Price Index, which reflects the true cost of living at any given time.

If your household income keeps pace with inflation, your cost of living is generally manageable. Life gets better when your income exceeds inflation – in that scenario, most consumers see a big spike in their standard of living.

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