Everyone, it’s finally happened. Costco food court lovers should be ready to pull out an extra dollar; prices on some of your favorite food court items have increased.
Worried About an Economic Downturn? Here's What You Can Expect in a Typical Recession, According to EconomistsThe spike in prices is reportedly a result of inflation as inflation on grocery stores hit 14.6%. Membership stores, like Costco, were able to keep inflation at 7%, according toWhile you may have to see an extra dollar or ten cents go from your wallet, there is still hope for the $1.50 hot dog combo.
Gas prices, groceries, even airline tickets — it seems like it's all going up lately. It feels like the recently raised interest rate is intended to start slowing the economy. So we talked to John Leer, chief economist at Morning Consult, to help us understand why inflation is happening and how it will affect us.
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