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.
|
Say an item three years ago cost $100. Due to 9% inflation it went up to $109. Then inflation "dropped" to 3%. It now costs $112.27. Where's the good news here? I think I must have missed it.