How is Inflation Affecting Your Clients?
I encountered a unique resource on the New York Times website over the weekend. They created a graphical representation of the most recent CPI data provided by the Bureau of Labor and Statistics. The graphic provides a simple interface to determine which categories exhibit high inflation versus those where prices are deflating.
Follow the link to the New York Times inflation graphic. Hover your mouse pointer over any of the sections of the chart to see detailed information about that category.
It’s fairly clear to see which categories are placing pressure on clients’ cash flow: gasoline, oil (heating and automotive), and basic food staples. Whether or not advisers place much faith in the BLS data is one thing, but the graphic is a great concrete way to illustrate how inflation affects clients’ cash flow.
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May 5th, 2008 at 10:23 am
Great find! What a spectacular visualization.
May 5th, 2008 at 10:25 am
Nice writing style. I will come back to read more posts from you.
Susan Kishner
May 14th, 2008 at 1:45 pm
[...] and services impacts clients in more ways than just their cash flow. Last week I referenced an inflation graphic published by the New York Times that illustrates the effect of inflation on various spending categories. Rising inflation not only [...]