Talk of The Villages Florida - View Single Post - 3.3% Inflation, R U happy???
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Old 06-19-2024, 10:23 PM
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Originally Posted by Bill14564 View Post
Gas in June 2023 was right about $3.30/gal. Today it is close to $3.00/gal. That would be about a 10% DECREASE.
Every time the price of a barrel of West Texas Intermediate Crude Oil goes up, the price of just about everything else goes up with it. When the price of WTI goes back down, just about everything else stays elevated. It’s a better measure of inflation to look at prices of things like food, health care, insurance, and utilities.