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Your monthly streaming bill and mortgage payment might have gone up, but gas and egg prices cooled down.
Businesses may not have an incentive to lower prices if consumers are still in an inflation mindset.
Supermarkets and restaurants business relies on selling food. So why are prices rising more in the latter?
We talked to two Albuquerque tamale makers about handling their costs and gearing up for the festive seasonal push.
Inflation has fallen sharply in the last year and a half, but prices haven’t come down. Economists say that’s not a bad thing.
Average pay raises last year slightly outpaced inflation but the price rises of previous years are still hurting some.
“Wage growth now is greater than inflation,” Bostic says. “But I don’t think people feel like they’ve caught up all the way and that’s just going to take some time.”
When inflation was high, good news for workers could be bad news for prices. But it looks like the labor market is in better balance.
Several factors are keeping prices at the pump low — including the greater number of EVs and hybrids on the road.
Inflation dipped slightly, but housing remains the biggest driver of rising prices.
