Inflation’s Sudden Drop

Inflation just hit a nearly five-year low, thanks to plummeting gas prices and a slowdown in housing costs. Friday’s report is a welcome surprise, but let’s not forget: we’ve been paying through the nose for food, gas, and rent since the pandemic started.

The Numbers Don’t Lie

It’s not all good news, though. We’ve seen massive spikes in the cost of living since COVID-19 hit. So, while this dip in inflation is a relief, it’s not like we’re suddenly rolling in cash. It’s just a slight breather from the constant price hikes.

So, what’s behind this sudden drop? For starters, gas prices have taken a nosedive. And housing costs, which had been skyrocketing, are finally cooling off. It’s a small victory, but we’ll take it.