Inflation is Taking a Toll on The Dollar [Infographic]

Written by brianwallace | Published 2022/09/02
Tech Story Tags: gold | inflation | infographic | finance | economy | economics | monetary-inflation | hedge-against-inflation

TLDRIn 2022 alone, inflation rose 9.1%, the fastest pace since 1981. In 2021, the US dollar depreciated 16% compared to the Mexican peso. The cost of all goods is on the rise, with the food index increasing 11%, the energy index increasing 33%, and all other items increasing 6%. With the economic struggle and the pandemic still raging on, inflation rates are not expected to slow down anytime soon. Gold is one of the very few investments that has a 0% counterparty risk.via the TL;DR App

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Written by brianwallace | Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW | Founder of The Innovate Summit
Published by HackerNoon on 2022/09/02