Inflation 101
Episode description
Inflation is a topic that affects everyone but can be a bit confusing to understand, especially when it comes to retirement planning. If you’ve found yourself wondering where inflation numbers come from and how they might impact your situation, today’s episode is for you! Stay tuned as we cover the basics of inflation and help you understand its impact on retirement planning.
Listen in as Liz and Marc unpack the Consumer Price Index (CPI), Personal Consumption Expenditures (PCE) Index, and other inflation metrics, and share how these indices may not always reflect the reality of rising prices felt by consumers. They’ll also talk about the importance of adjusting spending, investments, and income sources to navigate inflationary pressures effectively.
Don't miss out on this enlightening conversation filled with valuable insights to help you confidently navigate the complex world of inflation and safeguard your retirement savings.
Here’s some of what we discuss in today’s show:
- The definition of inflation + its measurement through the Consumer Price Index (CPI)
- What is not captured by CPI?
- Various measures of inflation, including the CPI Retroactive Series, Chained CPI, CPI-W, and the R-CPI-E
- What is the Personal Consumption Expenditures (PCE) Index and how does it differ from the CPI?
- How representative of real inflation are these indexes?
- How inflation impacts your financial plan + making adjustments along your financial journey to stay on track
Truflation website
Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube