Eating out, groceries, homes, rents, cars, etc. The Realtor app shows homes in my city have nearly doubled in market value in the past 5 years, with mortgage rates following.
The majority of people with a brain know the YOY inflation increases aren't as high as the recent peaks, but inflation is increasing above the targeted rate expectations on top of those peaks... With low wage earners demanding more money, the increase in cost to do business is being pushed to the consumer, and purchasing power is diminishing.
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