Wall Street Journal says Higher Inflation Is Here for Years
Economists surveyed have raised their expectations for inflation lasting through 2023, but not by much. Of course, their data didn’t include food and gasoline, two of the items that have seen the highest rate of inflation over the past year.
Some Folks Never Learn
After the diaspora cause by COVID-19, enough people are moving back to some cities to drive up rent prices. I can only assume they are moving for work as remote work polices end. Analysts say that rents are up 7.5 percent and should keep rising, “a warning sign that higher inflation could linger far longer than the White House and Federal Reserve keep predicting.”