The Inflation Experience Is Painful — and Personal

Inflation is a sustained increase in prices that reduces the purchasing power of your money over time. According to the Consumer Price Index (CPI), inflation peaked at an annual rate of 9.1% in June 2022, the fastest pace since 1981, before ticking down to 6.5% in December.1

The CPI tracks changes in the cost of a market basket of goods and services purchased by consumers. Items are sorted into more than 200 categories that are weighted according to their “relative importance,” a ratio that represents how consumers divide up their spending, on average. Basic needs such as shelter (33%), food (14%), energy (8%), transportation (8%), and medical care (7%) account for more than two-thirds of consumer expenditures.

The recent bout of inflation has been driven in large part by steep price increases for essentials, which means it’s hitting many U.S. households where it hurts. Even so, some consumers feel the sting of inflation more than others.

The extent to which you experience inflation depends a lot on your spending patterns, which are influenced by where you live as well as your age, income, family size, and lifestyle. In effect, your personal inflation rate could be significantly higher or lower than the average headline inflation rate captured in the CPI. Consider the following examples.

  • In December 2022, the 12-month increase in the cost of shelter was 7.5%.2 Shelter carries the most weight of any category in the CPI, which made fast-rising home prices and rents a top driver of inflation in 2022. However, a homeowner with a fixed mortgage is generally insulated from these rising costs and might even benefit financially from home-equity gains. Meanwhile, a first-time homebuyer, or a renter who signs a new lease, is likely to feel the full impact of these hefty price increases.

Top Inflation Drivers 

Contribution to the 12-month, 6.5% increase in consumer prices, December 2022

Contribution to the 12-monthm 6.5% increase in consumer prices as of December 2022: Shelter: 38%, food 21%, transportation 11%, Energy (gas and electricity) 8%, household furnishings and supplies 4%, medical care 4%.

Source: U.S. Bureau of Labor Statistics, 2023

  • Gasoline surged 59.9% during the 12 months ended in June 2022, before falling in the second half of the year.3 Individuals who rarely drive, possibly because they are retired or work remotely, might have been able to shrug off the price spike caused by the Russia-Ukraine war. But for drivers with long commutes, filling up the gas tank regularly might have put a sizable dent in their household’s finances, in some cases forcing them to cut back on other purchases.
  • Food prices rose 10.4% over the same 12-month period, a trend that clearly affects everyone.4 But rising food costs tend to put more pressure on the budgets of lower-income households because they spend a greater share of their income on necessities and typically have smaller financial cushions. Plus, shoppers can’t easily switch to lower-cost options if they are already relying on them.5
ENGLADE Insurance & Financial Services | Baton Rouge, LA

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Here at ENGLADE Insurance & Financial Services, we focus on the client and what is in their best interest. We take a extensive approach to get to know the person and what are their goals before we make any recommendations. We collaborate with your trusted confidante to make sure everything is taken into consideration and nothing is left out.

We understand a sound financial strategy starts with a solid foundation. Life insurance is simply a piece of paper that says, "I love you." Our primary focus is to help our clients act on that love.

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Matthew Englade

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Angela Englade

About Angela

Jacob Ashford

About Jacob

Matthew Englade

Matt graduated in 2008 from Southeastern Louisiana with a bachelor's degree in business. He started his career in financial services, working as a staff member with Delahaye and Associates, where he eventually became a partner.

In 2022 he formed Englade Insurance and Financial Services, where his primary focus is serving his client’s best interest. “But even if you should suffer for what is right, you are blessed.” 1 Peter 3:14

Matt is a resident of Central, LA and enjoys spending time with his wife, Angela, and three children. He also enjoys coaching middle school basketball and giving back to his local church.

Jacob Ashford

Jacob is currently a student at Southeastern Louisiana University and is studying in the College of Business as a Marketing Major.

Jacob pursues his career by working with Matt and Angela in their mission to spread financial sustainability with their current and future clients. He also donates his time to the Southeastern's College of Business by participating in numerous career services for the city of Hammond.

Having two younger sisters, Jacob understands the importance of protecting family values and leading a path to a secure future.

Nathan graduated from Texas A&M University Class of 2006 with a degree in Agriculture Leadership & Development. Nathan has been in public service as a firefighter since 2008. In addition he and Katherine have started, operated, purchased, and sold multiple small business’. Through his experiences; Financial Services has been a lifelong pursuit for Nathan and he is excited to be a resource for people like you, your family, and your business.

Angela Englade

Angela graduated from Southeastern Louisiana University with a Bachelor of Science degree in Nursing. She worked as a Labor and Delivery nurse for 14 years. She decided to continue her love for caring for others through helping people obtain financial health and wellness.

She joined Englade Insurance and Financial Services to guide Matt's clients on becoming aware of potential roadblocks and achieve financial peace of mind. In her free time, she enjoys spending time with her family and exercising.

Along with Matthew, she volunteers many hours to local charities to give back to the community.

Eve is happily married to her best friend Rick since 2012. They enjoy recreational trips like hiking and camping, visiting the beaches in the Gulf of Mexico, and trips to Walt Disney World. They are active in their congregation, donating their time and effort to help run the Audio/Visual presentations for services. She is grateful for all God has given her and believes all the glory goes to Him.

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Matt is a board member of CALEF and is involved committed to its long-term success. The mission of CALEF is to provide police, fire and EMS personnel with the safety equipment they need to serve and protect with excellence. We provide all-day rifle protection and other safety equipment to local law enforcement, fire and EMS personnel. CALEF believes that communities are safer and stronger when local law enforcement, fire and EMS personnel are properly equipped to do their job.

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Matt and Angela are active members of the church and school communities of St. Alphonsus Liguori Catholic Parish. Their mission is to form students in the Catholic Faith spiritually, academically, physically, and culturally in an environment of academic excellence. St. Alphonsus Liguori Catholic School is committed to providing a positive, faith-filled environment for children to learn. Our comprehensive curriculum is designed to promote academic excellence and the spiritual growth of our students, coupled with an appreciation of how service to others makes the world a better place. We strive to expand their potential to become leaders.

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