The Cost Of Living CRISIS! (Explained)

THEY are about to make inflation MUCH Worse!

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The latest figures emerging from the US, UK, and Europe show our major economies reporting spiralling levels of inflation not seen for an entire generation

As it stands, the US has just recorded a 7.5% YOY increase in the cost of living (based on the Consumer Price Index – CPI) – the highest YOY increase since February 1982 when a 7.6% increase was recorded. But we know the true figure is closer to 15% when calculated using the old CPI metrics from the 1980’s

The UK has just recorded its highest annual inflation rise in 30 years with a 5.5% YOY increase in January – the highest increase since 1992 – and I believe the UK could hit 8-10% in the coming months as the country braces itself for a 54% increase in energy costs alone, that’s not even counting any of the other inflationary inputs - that’s just energy

1. History:
Given that inflation is now at its highest point in a generation, how far does the currency in your pocket compared to the past:
$1 in 2012 is worth just $0.82 today. That’s a 18% loss
$1 in 2002 is worth just $0.64 today. That’s a 36% loss
$1 in 1992 is worth just $0.50 today. That’s a 50% loss
$1 in 1982 is worth just $0.34 today. That’s a 66% loss
$1 in 1972 is worth just $0.15 today. Th..