What Is The Cause And Effect Of Inflation?

Much of our population was not even alive the last time we saw inflation at these current levels, which was more than 40 years ago. Over the previous 12 years, we experienced record lows in terms of interest rates, and now the interest rate hikes over the past year have resulted in dramatic ramifications to virtually everything related to our economy. Obviously, this has directly impacted inflation to an extremely high degree. 

So what exactly is the cause and effect of inflation? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician.