Ryan outlines what it looks like for 2023 now that inflation is slowing down.
How does Inflation Slowing Affect you?
Inflation has been talked about all year long, it has been the thing that everyone wants to simply disappear. The good news is, we are seeing positive signs that inflation is beginning to slow down. The way we can explain this is by using a simple example. Say you have a basket of goods in the year 2020 that was worth $100. That same basket in year 2021 was then worth $110.
This is inflation, due to the printing of money, you needed more dollars to equate for the same item(s). In this example, from 2020 to 2021 we can observe an inflation rate of 10%. The positive thing is that, by the end of year 2022, that basket of goods is not increasing at the arbitrary 10% rate that it was, and month-over-month we are seeing a lower rate of inflation. This means that inflation is slowing and will ultimately be great for the stock market.
