In 1967, a McDonald’s (MCD) Big Mac cost $0.45. Today, The Economist puts the average price of the burger at $5.69 in the US. The reason for that change is inflation. What causes inflation, and how is it affecting your wallet?
Yahoo Finance Reporters Brooke DiPalma and Jennifer Schonberger join Wealth! to explain how inflation affects purchasing power, what this means for consumers, and the methods regulators employ to control inflation.
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