inflation

2020 after covid had sparked everything had changed. Especially inflation, walking into a grocery today you will see things that you used to buy with no hesitant and see a huge drastic change in prices, with inflation means most services become more expensive requiring us consumers to spend more money than usual. When inflation had started customers had seen a lack of stockage like eggs. As a customer I would say eggs were probably the number one product that had a lack of stock since there was a shortage of eggs that would cause prices to increase to $4.15 for a dozen eggs. 

Another big problem with Inflation was a change in gas prices. You will see prices go down or even rise throughout the months. In the years 2021 through 2022 you will see the drastic change in gas prices reaching a peak of $4.33 per gallon in June 2022. Even though the prices have come down a little from then they still remain higher than pre-pandemic levels. 

There are so many more problems that have occurred since inflation like the increase of living or even long-term planning now makes it hard to plan for the future as the real value of 

  savings and investments can erode over time. This has not only affected adults but also college students as it will impact the costing of tuition, living costing and any other necessities making it even harder to pay for tuition. College tuition has risen significantly over the past decades but the year of 2024-25 it had increased by 2.7% in a public four year. Rent and housing particularly in college towns have risen making it difficult for students to find affordable places to live. Even food costs make it hard for students to budget especially for the ones who rely on eating out or buying groceries. Part-time jobs can provide students with additional income to cover expenses. This does not only  affect students or people but this also affects business. This causes them to have higher cost for raw materials, labor inflation makes it harder for businesses to plan and invest, they struggle to plan ahead for the future cost and demand. As inflation increases this can cause us as consumers to reduce spending as we worry about prices rising we may cut down on things we may want vs investing into things we may need.inflation can lead to higher unemployment as a lot of businesses cut back on hiring and production. As the years go on inflation will always increase not knowing what the future will hold or even the damage it can cause as the years go on.