Inflation's Lingering Impact on Prices

Inflation, which fluctuated between 3 to 4%, spiked to 9% in recent years before settling back down to around 3%. Despite the decrease, prices did not drop accordingly. Prices of essentials like gas, milk, and eggs significantly increased in just four years, indicating that the impacts of inflation linger on prices, not just the inflation rates themselves, affecting the cost of living overall.