In my experience the only thing we buy regularly that hasn’t substantially increased in price in the last year is gasoline. Just about ever kind of food is substantially more, electricity has gone way up. Clothing prices are significantly more and as everyone who’s renting knows, rents have gone nuts. There is no way we’re spending 3% more than a year ago, it’s more like 8%.
Bottom line, I don’t believe anything that’s coming out of a Trump controlled agency is remotely accurate. He is already claiming prices are down by 300%-3,000%. I’m just waiting for him to say, “There’s no inflation if we don’t count the prices that have gone up.”
In my experience the only thing we buy regularly that hasn’t substantially increased in price in the last year is gasoline.
Not likely to last long, however. Gas prices in the US have been stabilized for a little while by tapping the strategic petroleum reserve.
Trump announced just a couple days ago that the government is planning to shift to replenishing the reserve, which means that the gas prices will soon be more directly dictated by market rates.
In my experience the only thing we buy regularly that hasn’t substantially increased in price in the last year is gasoline. Just about ever kind of food is substantially more, electricity has gone way up. Clothing prices are significantly more and as everyone who’s renting knows, rents have gone nuts. There is no way we’re spending 3% more than a year ago, it’s more like 8%.
Bottom line, I don’t believe anything that’s coming out of a Trump controlled agency is remotely accurate. He is already claiming prices are down by 300%-3,000%. I’m just waiting for him to say, “There’s no inflation if we don’t count the prices that have gone up.”
Not likely to last long, however. Gas prices in the US have been stabilized for a little while by tapping the strategic petroleum reserve.
Trump announced just a couple days ago that the government is planning to shift to replenishing the reserve, which means that the gas prices will soon be more directly dictated by market rates.