Inflation seems to be a near constant in almost every single industry right now.
- If you asked myself and others to give you a contrary example to inflation, I would come up empty.
I truthfully cannot assume of anything at the moment that has dropped in price amid all of the other big price increases over the last 2 years, then cost of residing is going up for every single demographic within the bigger economy; Even my neighbor the attorney is having to make extreme swings in his spending habits to combat the inflation concerns. He’s distraught that he could get behind in mortgage repayments on his various condominiums if he loses renters or doesn’t adjust his spending habits in other areas of his life. As long as fuel plus supplies go up in price, virtually any other great or repair is bound to increase as well. The only exception to this rule that I’ve observed thus far is cannabis in my state in particular. In some states cannabis prices are skyrocketing because of increasing state plus county taxes on the recreational cannabis prices. My state still only has medical cannabis dispensaries so the two of us lack those state plus county cannabis taxes. Thus, our cannabis prices are dropping this year. The price drops on medical cannabis purchases started last year plus has only increased with the current year. I can’t imagine seeing prices increase on cannabis products until this state legalizes recreational weed plus quickly has a supply shortage on its hands. Since there are a limited number of cannabis patients plus a glut on cannabis products, the supply is bigger than the demand at the moment.