Inflation 101 #inflation #marketnews #finance

so let's talk about inflation how do things and why do things go up so let's start with eggs you have a farmer he's producing eggs he goes out he gets his eggs every day and he puts them in a basket and he sells them let's suppose that gas prices go up well that increases the cost of him shipping the eggs to wherever they have to go and overall his costs are going to go up based on this increase in fuel cost so what happens the price of those eggs goes up he charges more because he has to spend more so now the people buying the eggs and making an egg sandwich their costs of eggs have gone up so what do they do they start charging more for their sandwich so now you're paying $8 for a sandwich that you used to pay $5 for for example so now that those egg sandwiches are now $8 not only egg sandwiches but everything else you buy that has gone up in the same way so now people who are working they will start to say Hey you know everything is going up Mr Boss