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YOUR MONEY with Mark: Why inflation can actually be a good thing

Investment Advisor Mark Grywacheski explained why Monday, September 28th.

The Federal Reserve recently made a change to its inflation target rate.

"The central bank now seeks inflation that averages 2% over a period of time, rather than a static target of 2% that ignores previous shortfalls," according to an article from the Associated Press.

Investment Advisor Mark Grywacheski says inflation's currently at 1.3%, so why would the rate rising actually be a good thing? He explained Monday, September 28th. 

"If prices are rising, it means there's strong consumer demand for goods and services that's pushing those prices higher, and this consumer spending drives economic growth," he said Monday.

Grywacheski says if inflation was zero, it would signal a low consumer demand. Your Money with Mark airs between 5 and 5:30 a.m. during Good Morning Quad Cities.