CNBC published this video item, entitled “How relocating Americans created inflation hotspots #Shorts” – below is their description.
Americans moved around a lot over the past two years – and those destinations also now happen to have the highest inflation rates in the U.S. Watch the full video here: https://youtu.be/LTyH2J8G0TY
CNBC YouTube Channel
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About This Source - CNBC
CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
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.