Inflation spreads beyond gas prices to housing, utilities, and recreation in the U.S. economy
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Summary
The article discusses how inflation in the U.S. is no longer limited to gas prices but has spread to other sectors including housing, utilities, and recreational spending. The latest data suggests that inflation may be deeper and more persistent than initially expected, indicating a broader economic challenge.
Key quotes
· 3 pulledInflation isn't found just in gas prices anymore.
Housing, utilities and recreational spending costs are all climbing, according to the latest data.
Inflation may be deeper and longer lasting than expected.
Inflation isn't found just in gas prices anymore. Housing, utilities and recreational spending costs are all climbing, according to the latest data, suggesting inflation may be deeper and longer lasting than expected.
https://theconversation.com/its-not-j
