What is Inflation?
is the rate at which the general level of prices for goods and services rises over time — meaning each dollar you own buys a little less than it did before. In 2024, U.S. is running around 3.5%, down from a 40-year high of 9.1% in 2022.
Current U.S. Inflation Rate
3.5%
As of early 2024. 's target is 2%.
How Does It Affect Students?
When is high, the same $50 grocery run you did last year might cost $54 this year. Rent goes up. Textbooks cost more. If your income doesn't rise with , you're effectively getting a pay cut.
What $100 Buys Over Time
What $100 in 2015 costs today (CPI-based)
Smart Moves During High Inflation
- Lock in costs where possible (fixed rent, loans)
- Buy in bulk when prices are low — non-perishables, toiletries
- Avoid adjustable-rate debt — interest costs can surge
- Invest surplus savings so your money grows faster than
- Use a HYSA (High Yield ) — currently earning 4-5%