New data for the Dallas-Fort Worth-Arlington area shows overall, the cost of goods and services increased 0.8% in the past two months.
"We're kind of like a football team in the red zone now," SMU's Cox School of Business economics professor Mike Davis said."We've gotten inflation back down from the really scary levels it was before. We're at the 20 yard line, but it's going to be really, really hard to get the ball across the goal line. What I'm looking at is the overall trend in prices, especially what we call a core price level.
This comes as a new poll from the non-profit No Kids Hungry Texas shows because of staggering inflation and the end of COVID-19 economic relief plans, about 40% of parents and rural respondents have recently experienced food insecurity. Some have to go to food banks for the first time. Heading into the coming months, Davis said it's important to make sure your financial situation is in the best possible shape it can be in.Raised in Richardson, Erin Jones is proud to call North Texas home. Her passion for journalism began in elementary school. For a 5th grade graduation memory book, she was asked what do you want to be when you grow up? She wrote journalist.
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