Getty Images/iStockphoto
While the current inflation rate is lower than it was in April of last year, it’s not back to normal quite yet. At a rate of 3% in June, the inflation rate has continued its downward trend but is still a full point higher than the Federal Reserve’s target rate of 2%.
What that means is that higher-than-ideal inflation is continuing to send the cost of consumer goods and services up. In turn, some Americans have turned to credit cards to cover their daily expenses. Unfortunately, this may have…
