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Originally Posted by tophcfa
Inflation decline???? Just got our homeowners renewal, property tax bill, auto insurance renewal, 2024 health insurance renewal notice, went to the grocery store, and filled up the oil tank. Inflation appears to be accelerating, not declining. Food prices alone appear to be on a non stop upward spiral. I can see how the powers that be need to massage the data to create the false impression that inflation is declining. The cost of paying the interest alone on the out of control national debt has risen to over a trillion dollars per year.
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Inflation since April 2021, of essentials, have gone up 20%! That includes the cost of eating at home.
Overall, costs have gone up 13% during that same period.
The bad news is that they are never coming back down. Yes, wages have gone up but have not kept pace. My grandson, who is a junior in high school, makes over $16/hour at Taco Bell. Of course, that increases all associated costs ie ss, Medicare,, unemployment insurance, workers comp. We all have to pay for that in the things we buy. A business has to recover all their costs or they go out of business. Simple economics. Add to that, the uncontrolled Federal government spending.
Elections have consequences.