Editor's Note: Inflation hits hard

Posted

Recently, like many of you, my eyes popped when looking at the grand total after self-scanning a small number of groceries. How in the world I can spend $80 on a group of items that fit into one bag?

My 8-year-old son even said, “Wow, mom. How did you spend so much so fast?”

Me: “Inflation, honey. Inflation.”

We are seeing no relief anywhere as prices on everything are going up.

Getting gasoline last week, I didn’t event fill my tank up and spend over $50.

Going out to dinner, which is becoming rarer, features little notes posted to menus apologizing for having to raise prices but stressing they have no choice.

In today’s economy, we are seeing no relief anywhere. The housing market has homes selling for well above what they are worth, groceries are becoming a pick and choose your treats kind of experience and getting gas just makes you worry about how high the price will be the next time you fill up.

Even more worrisome than the prices is the supply chain issues. For those women with infants looking for formula right now – I cannot imagine the level of worry they are facing as shelves are bare and transparency on what is going on is low.

I know I am blessed because we are getting by. We are managing to pay keep up with the cost of inflation. We are able to manage the gas prices.

However, my concern is with some friends and family and people who are not able to keep up.

At the current rate of inflation, families are seeing costs increase by nearly $300 per month. Labor department data has consumer prices exceeding 8% with no end in sight.

The cost of living before inflation was already becoming unbearable. Now, families are having to budget for an added $300 per month.

Rent and mortgage rates give no relief. In attending the annual Parker State of the Town event on May 12, guest speaker Patty Silverstein from Development Research Partners said rent rates continue to go up and that is likely to continue.

The nation and world are stressed out, and trying to be optimistic as the dominoes fall has become a lot harder for many families just trying to stay afloat.

In thinking about all the data pushed my way last week, I found myself asking — who is getting ahead in this country?

It is no secret that the rich are getting richer. But when do the poor and the middle class just get ahead to where they do not have to stress about paying the added $1 for a gallon of milk?

There is talk of increasing interest rates not once, not twice, but as Silverstein put it, maybe a third time. I can’t say I am overly optimistic that those steps are going to settle the dust of skyrocketing inflation.

Like many, I do not see where our leaders have a clear plan to help families get some stability and my worry is not only will those families no longer be able to stay afloat, but they will continue to sink as the raft they are barely holding on to continues to deflate.

Thelma Grimes is the South Metro Editor for Colorado Community Media.

Comments

Our Papers

Ad blocker detected

We have noticed you are using an ad blocking plugin in your browser.

The revenue we receive from our advertisers helps make this site possible. We request you whitelist our site.