The Credit Card Conundrum: When Inflation Refuses to Budge The recent inflation report has cast a shadow over prospects for meaningful relief from high interest debt.
Average credit card APRs remain near record high levels, leaving consumers wondering if they'll ever escape the clutches of usurious interest rates. Inflation has proven to be a stubborn beast indeed.
Despite months of speculation and anticipation, August's Consumer Price Index (CPI) report revealed a 3. 4% annual increase – not exactly the dramatic drop many had been hoping for.