The Persistence of Inflation

Inflation is expected to remain a significant issue, stemming from prolonged low-interest rates and unprecedented government spending. The federal government's approach to measuring inflation has often failed to capture the full extent of rising costs, leading to an underestimation of the economic reality. In urban settings, asset prices like housing have skyrocketed, with food and consumer goods also becoming increasingly expensive. This inflationary pressure forces consumers to rethink their financial decisions while contributing to an overall sense of economic uncertainty.