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Thread: June at 3%
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Old 07-14-2023, 08:15 AM
Steve Steve is offline
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Quote:
Originally Posted by OrangeBlossomBaby View Post
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.