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Purchasing Power of $100

Purchasing Power of $100

| January 18, 2022

The value of a dollar has plummeted lately with the recent ravages of inflation, but the loss of value is just a more severe and considerably steeper continuation of the long-term decline in the value of a dollar.  As measured by the Consumer Price Index (CPI), the dollar has lost about 40% of its purchasing power just since January 1, 2000.  Once called the “almighty” dollar, it seems that adjective is hardly warranted now. (Chart from wolfstreet.com)

Jeffrey Cerny