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Opinion: Inflation isn’t over yet. Here’s when we should finally see lower prices

High costs for everything, from food and gasoline to automobiles and airline tickets, have made the pandemic that much more difficult for US consumers. So of course, many were relieved to see that consumer prices rose by less than expected in August. But this unfortunately isn’t the beginning of the end of inflation for American households. In fact, consumers may not see lower prices until the latter half of 2022.

High costs for everything, from food and gasoline to automobiles and airline tickets, have made the pandemic that much more difficult for US consumers. So of course, many were relieved to see that consumer prices rose by less than expected in August. But this unfortunately isn’t the beginning of the end of inflation for American households. In fact, consumers may not see lower prices until the latter half of 2022.

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