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Kiplinger
Kiplinger
Business
Sean Jackson

Inflation Is Eating Away at Your Cash. These Accounts Can Help

Inflation US Federal Reserve Bankrate Newtek Bank
Stack of US $100 bills between graphic white teeth, red background.

Inflation continues to take significant bites out of household budgets. July's CPI report showed prices rose by 3.4%. David Payne of the Kiplinger Letter says to expect inflation to end the year around 3.6%.

The war in Iran has driven up gas prices, which will keep prices higher for now. Even if the war ends soon and gas prices drop, Payne believes inflation could stay around 3.0% by the end of the year.

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