Almost every item on the index increased in price last month, except for transport—waning demand for air travel the main reason for that, and used cars. Those items helped pull the overall index down to 0.3 percent for the month, a slower pace than the previous two months.
Prices have been rising steadily since governments and central banks dramatically increased the amount of currency in circulation during the pandemic. Economists often define inflation as more money chasing the same number of goods and services.
NTD spoke with Don Whaley, president of OhmConnect’s Texas region, about his thoughts.
