Filling up the gas tank costs more than it did six months ago. So does the price of flour and sofas. A cheap used car is harder to find. And if you want to buy a home, you’d better move fast. Mortgage rates are going up.
It seems that every time you make a purchase, prices have ballooned. And it’s happening all over the globe. Inflation is galloping to the highest level many people have seen in their lifetimes. Both the United Kingdom and United States, for example, have recorded annual inflation rates of 9.1 percent, the highest level in 40 years. Nothing is immune: housing, food, electricity bills, construction supplies, and plane tickets have all gotten more expensive.
