How to Defend Yourself Against Inflation? JumpTask Solution: Part 1

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  • First, it helps businesses stay competitive and increase their profits, which incentivizes them to innovate and provide better quality products and services.
  • Second, if prices decrease (deflation), consumers might delay their purchases and wait for prices to drop further. This slows down private consumption and economic growth.
Inflation in major countries. Source: https://www.ft.com/content/088d3368-bb8b-4ff3-9df7-a7680d4d81b2

For example, the annual inflation rate hit 9.1% in June in the United States, the highest in 40 years.

  • Gasoline: 59.9%
  • Natural Gas: 38.4%
  • Electricity: 13.7%
  • Food: 10.4%
  • Passive Income: people can earn by simply sharing their internet bandwidth.
  • Simple Microtasks: individuals can complete microtasks to earn money.

Enjoyed the article? Follow our Medium for Part 2 on Inflation: coming out next week.

> Inflation is rising across the world, exceeding targets set by central banks.> Inflation hurts consumers: they lose purchasing power due to an increase in prices.> Freelancing helps people support their personal finances; however, traditional platforms have many limitations.> JumpTask provides multiple ways to earn on the side and support monthly income easily.

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