Elliott Pollack’s The Monday Morning Quarterback reports that inflation data shows that the effects of supply and demand are still alive and well. An article by the Wall Street Journal entitled “Inflation Is Already Here-For The Stuff You Actually Want To Buy” tracks prices on a year over year basis as of August … it gives a picture that common sense would suggest.
What the article concludes, not surprisingly, is that the prices for stuff we are really buying have all escalated. If your job and income were unaffected, it might be time to look for some suits or a plane ticket to next summer’s family reunion. Find further conclusions he draws @ http://www.edpco.com/files/MMQ_09282020.pdf
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