Money Talks February 2021 | Christian Cintron

El Inflation

El Inflation

Prices keep on going up!📈 It’s a natural part of economics. Inflation is the economic idea that prices will go up over time. Think about it. There was a time when no one had a cell phone, a Netflix account, or even paid for the Internet. Now you need all that to live. 👀 So as the cost of living increases, the cost of paying employees goes up. The cost of paying employees raises the prices of goods. That raises the prices of the things you buy. 🤑💸

All these rising costs kind of affect everything… that’s inflation. There was a time when un cafecito was 50 cents. ☕  But as people decided they needed a Venti Sumatra Chai with Almond milk that raised the price of coffee. That covers the beans from Sumatra, which is in Asia. What happened to good old fashioned Columbian coffee? You need the spices for Chai. Plus, you have to pay whoever is milking those almonds. 

So a good way to think of inflation is that over time the value of a dollar will change. 💵  The amount of money you bought your chicles with when you were little is not going to be the same price you give your kids for candy. 🍬😯

 

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