Sen. Rounds: The Inflation Pain is Real for Families Across the U.S. (5/19/22)

Bloomberg Markets and Finance published this video item, entitled “Sen. Rounds: The Inflation Pain is Real for Families Across the U.S. (5/19/22)” – below is their description.

Senator Mike Rounds of South Dakota discusses the impact of high energy prices and inflation on the U.S. households

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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