The idea of money is pretty simple. We have pieces of currency, like bills or coins, that the government promises is worth a set amount. We use these pieces of currency to purchase goods and services. We have so much faith in this currency that we often don’t even need to see it to know it’s …
Tag: inflation
US producer prices jump; hint of rising inflation
WASHINGTON (AP) — The prices that U.S. companies receive for their goods and services rose by the most in seven months in April, a sign that inflation may be picking up from very low levels. The producer price index rose a seasonally adjusted 0.6 percent from March to April, the Labor Department said Wednesday, after a …