Inflation

By: Sylus Carranco

The inflation rate went down in the year 2023 to 3.67%. The more people buy stuff, the more the inflation will go up. The reason why I don't want inflation to go up is because prices will start to rise even more, and soon maybe people won't be able to buy what they need or want. Inflation started to rise higher in 2021 and that was because of Covid-19, when barely anybody went outside and tried to get food or even tried to get fresh air. I want to figure out how to stop inflation and try to have prices go down, including gas prices. The amount of money it takes for an entire tank of gas is almost $100 or above that amount (depending on what kind of gas you get).

One person spends about $250 to $550 a month or more on groceries in a month. It also depends on where people get their food and where they live. Also, you have to spend a lot more money if you live with your family because you have to feed more people. The highest inflation rate was back in 1778 and 1917 and the inflation rate peaked at 30% for supplies and food. The dollar had a predicted average inflation rate of 3.24% per year between 2022 and 2030, producing a cumulative price increase of 29.03%. As years go by, the inflation rate will go up by 3.00% (and that's each year, supposedly). Inflation today is high and it is different all around the globe. Argentina had of a inflation of of 124%  and the inflation in US is 3.7%. Another high amount of inflation is Venezuela, with a rate of 398% of inflation (which is more than Lebanon, with 230% inflation). Venezuela's last rate of inflation was 404%; it only went down by 6% and it's still high.

The increase of the world's inflation is 3.4% more annually. Even though inflation rate does lower in some places, it increases in other places in the world. The more the supply goes up, the less demand will be. Because of this, inflation maybe won't be so high because of the less demand in the future.