Perhaps you’ve noticed the cost of nearly everything is going up. The Bureau of Labor Statistics Consumer Price Index, the agency that calculates the U.S. inflation rate, is predicting a very high inflation rate for 2021. Our annual inflation rate at the end of May was running at 5 percent. That is the highest rate since 1981, when the average for that year was 10.3 percent.
Here’s the deal: We can either stick our heads in the sand and pretend that nothing has changed, or we can get smart and fight back.