Quote:
Originally Posted by OrangeBlossomBaby
Inflation was as high as 9.1% nationwide a year ago. We were still recovering from global shut-downs post-pandemic, restoring jobs lost, getting manufacturers back on track, and a bunch of other stuff that's political so I won't detail it here but - politics certainly played some part.
The good news, is that the inflation rate has been in decline for the past 12 months, consecutively, and hit 3% as of the end of June.
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It’s called stagflation. Prices that went sky high during the past 2-3 years never came down and wages never increased enough to offset the higher costs. I’m still shocked at the prices of basic necessities like food every time I go to the store.