High inflation rate may hurt pockets now, but it means a better economy is ahead
Inflation rate currently 5% when 30 days ago, it was only 1.5%
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High inflation rate may hurt pockets now, but a better economy is ahead
ROANOKE, Va. – Seeing the tail end of the coronavirus pandemic, the economy is still trying to make a comeback, But with a high inflation rate, how far is your dollar really going?
Gas, cars, housing, even food prices are on the rise and it’s forcing some people to make a dollar out of just a few cents.
In May, the inflation rate was low at just 1.5%, according to Virginia Tech applied economics professor Dr. Mike Ellerbrock.