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How a weaker dollar is quietly making life more expensive [View all]
NEW YORK (AP) — A hidden force is quietly pushing up costs for everything from your summer vacation to your weekly grocery bills: a weaker U.S. dollar.
The dollar has fallen about 10% against other major currencies since President Donald Trump returned to the White House, a pullback potentially playing a role in Americans’ concerns about affordability.
“It’s kind of a hidden tax,” says economist Thomas Savidge of the conservative-leaning American Institute for Economic Research. “What your dollar is going to be able to buy is going to shrink.”
A look at where the dollar stands and what it means for you:
https://apnews.com/article/trump-dollar-currency-inflation-dd9a898575e378e6144b3f152e9d8ea0
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