Quote:
Originally Posted by jdulej
I don't really see it. There are supply chain issues with major ports backed up that will cause temporary price jumps. Like lumber earlier in the year - now ancient history.
2-4 % inflation is normal, we just have not seen it for a while because of the very accommodating fed.
Look for a nice hefty jump in your Social Security check starting in Jan as well.
Relax
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2-4%??? Evidently you don't buy gas or food and I feel sorry for anyone needing appliances or to replace their car. The price of steel has more than tripled and it ain't ancient history, those who were ready to buy a home have found that the home they can now afford is not the home they were hoping for. 2-4% is not even close to being realistic. Lumber, although down from it's high in May is is not ancient history, it is still nearly 30% higher than a year ago and is forecast to go right back up by the end of the year along with just about everything else. This is not over by a long shot and I do truly feel for those who are on a fixed income.