Why we asked: Inflation is down, mostly, as we know. But that doesn’t mean prices have dropped significantly for a lot of items. Gas prices are climbing again. How are people feeling?
What we found: Generally, people feel like prices have risen since the start of the year on a basket of goods, including meat, produce, groceries overall, gas and electricity. More people say that now than earlier this summer. And more people generally say this compared with last September. The biggest jumps are in gasoline and electric prices. Fewer said prices were rising on those items in June, with big jumps agreeing now.
[Well, that’s because the prices ARE increasing. And they’re related: rises in fuel prices are inflation amplifiers as the costs of transportation and distribution rise for all goods. The electricity increases are likely seasonal under the demand of a very hot summer, but the rest of these increases are reflections that above-target inflation has not yet ended. — Ed]
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