Inflation. What started off as a supposed scare tactic has now become reality. Across the board, American’s around the states face higher prices in nearly every single sector ranging from real estate to food. While the official CPI rate is still relatively low, other prices that impact specific populations are seeing numbers that should be putting the federal reserve in panic mode. For example, the average price of a single-family house has gone up to 285,000. That nearly 40,000 more than the pre-pandemic levels in early 2020. Used car prices are up nearly 30% YoY, and fuel costs are up 50% going from about $2.00 a gallon to just over 3.00 according to the latest statistics. Many economists and even the federal reserve claim this is just temporary transitional inflation, caused by an unprecedented pandemic, pent-up demand, and shortened supply. But given the facts I just showed you, it doesn’t seem like any of these price hikes are slowing down anytime soon. Where this headed nobody really knows.


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