• About Us
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal
  • Contact Us
  • today headline
  • Write for us
Today Headline
No Result
View All Result
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
No Result
View All Result
TodayHeadline
No Result
View All Result

How to See Through Inflation Prices

April 18, 2022
in Technology News
Reading Time: 2 mins read
eacaf30d65f92269e29ad3b6e6d840e9 - TodayHeadline



eacaf30d65f92269e29ad3b6e6d840e9 - TodayHeadline

There are probably certain goods or services that you’ve been purchasing on a regular basis for years, if not decades. And over time, you’ve likely become familiar with how much these things cost, and, in turn, whether something is inexpensive, overpriced, or seems about right.

But lately — especially since the annual inflation rate rose to a four-decade high of 8.5% in March — it seems like nothing is a good (or even decent) value. As frustrating as that is, it also makes sense under the current circumstances, according to a recent article in the Wall Street Journal. Here are a few strategies for coming to terms with our new financial reality.

Understand (and accept) that prices will change

According to Scott Rick, an associate professor of marketing at the University of Michigan who studies financial decision making, the current inflation rate is particularly jarring to people under the age of 40, who he says have never experienced a jump in prices like this before.

And unfortunately, it’s something everyone will have to get used to. “There’s no going back to the way things were,” he told the Wall Street Journal. “You have to update and roll with it.”

So instead of digging our heels in and refusing to adjust our perception of what prices should be, Rick says it’s important to understand and accept that rethinking our concept of what constitutes a good value is an ongoing process.

Continue to do your research

But accepting that costs will continue to increase over time doesn’t mean that we should stop doing our homework before making a major purchase, David Wessel, director of the Hutchins Centre on Fiscal and Monetary Policy at the Brookings Institution, points out in the same Wall Street Journal article.

During a period with this type of inflation, it’s easy to approach big-ticket items with the mindset that because everything is expensive now, there’s no point putting in the time and effort to find them at lower prices, he explains. But these people are more likely to accept the first price they come across — which may not be the best value, Wessel adds.

Instead of doing that, he recommends doing price comparisons and plenty of research, including asking friends or peers what they paid for similar items.

  • Trending
  • Comments
  • Latest

Missing older workers ‘weigh on economy’s growth potential’

autonomous driving new - TodayHeadline

New algorithm distributes risk fairly

togo group - TodayHeadline

Meet the Next Generation of Africa’s Climate Forecasters

latto boyfriend pays bills 1200x675 - TodayHeadline

Latto’s Boyfriend Pays Her Bills: ‘That’s How It’s Supposed To Be’

PopularStories

Business news

Missing older workers ‘weigh on economy’s growth potential’

autonomous driving new - TodayHeadline
Technology News

New algorithm distributes risk fairly

togo group - TodayHeadline
Science News & Society

Meet the Next Generation of Africa’s Climate Forecasters

latto boyfriend pays bills 1200x675 - TodayHeadline
Entertainment News

Latto’s Boyfriend Pays Her Bills: ‘That’s How It’s Supposed To Be’

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Missing older workers ‘weigh on economy’s growth potential’

autonomous driving new - TodayHeadline

New algorithm distributes risk fairly

togo group - TodayHeadline

Meet the Next Generation of Africa’s Climate Forecasters

Missing older workers ‘weigh on economy’s growth potential’

autonomous driving new - TodayHeadline

New algorithm distributes risk fairly

togo group - TodayHeadline

Meet the Next Generation of Africa’s Climate Forecasters

  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline

No Result
View All Result
  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.