![]() SoCalGas also shared examples of bills customers might see. "The rise in shelter costs will exacerbate the negative financial impact so many households are feeling from higher prices," he says. SoCalGas said the reason behind the bills which for one NBCLA digital producer went from 27 to 118 is the unprecedented cold snap that drove up natural gas prices in the western region. McBride says that increased housing prices are especially worrisome for the average family. The median single-family house price in metro Phoenix increased 100,000 in 2021 and is continuing to increase crazy fast in 2022, according to Phoenix MLS data. "While some of the so-called transitory factors like used car prices, airfares and apparel continue to ease after sharp run-ups in earlier months, inflation is broadening out," says Greg McBride, chief financial analyst at Bankrate. It has gotten to the point where some factories in Europe have been forced to shut down because they can’t pay the gas bill. ![]() Everyday Americans are left feeling the sting in their bank account today: Wages grew just 4.6% in September compared to a year prior, far below the 5.4% year-over-year price increase. Natural gas prices have skyrocketed much higher in Europe and Asia. While economists have insisted for months that inflation is temporary, prices have continued ticking up. At the same time, airfare and other travel expenses look so much more expensive today relative to 2020 because no one was flying a year ago, thus depressing prices. Car prices, for example, are being pushed up thanks to a combination of an ongoing chip shortage and low inventory, among other factors. The swings in price can largely be attributed to the Covid-19 pandemic, for a number of reasons.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |