Americans struggling to adjust for inflation want to know when the cost of food increases, equipment and other necessities will drop. However, prices for some items such as home furniture and personal care products are still “sticky”, economists say, and are likely to remain high even as inflation in general. reduced.
The prices of some commodities, such as gas, are flexible, rising and falling on a regular basis, although there are some broader fluctuations. Average price of a gallon of gas rise above $5 in June, fell back to $3.76 this week, according to AAA. Prices for some other commodities, such as rent, change more slowly and mostly in one direction. And when those prices go up, they tend to hold up.
