Have you been to the grocery store recently? It's amazing what used to be $100 is now $150. Prices certainly feel like they are getting out of control.
If you’ve been watching inflation news in recent months, you might have found it a bit overwhelming. I know at our house, we’re paying more for everything from milk to batteries to holiday gifts this year.
I want you to know that I’m watching inflation closely, and keeping tabs on various economic indicators. Sometimes, as you know, the “devil is in the details.”
For example, have you noticed the inflation in the used car market? I did some research and found that used car prices are linked to new car inventories, which are at their lowest level in decades. Once dealerships can get more new cars in stock, used car prices are expected to fall.
Hope this helps you put today’s “pretty penny” prices into perspective. As always, give me a call if you’d like to chat about inflation, or anything else that’s on your mind.
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