North Texans Change Spending Habits As Inflation Climbs --
The consumer price index measures a wide-ranging basket of goods and services. Stansel said there are a number of reasons why it has increased significantly. He pointed to “poorly targeted [COVID-19] relief dollars” as one example.
“One of the things that’s happened since March 2020, so the last two years, basically… is the federal government flew across the country in a helicopter and threw money out along the way,” he said. “So, you had all this new money that people had in their pockets chasing fewer goods because production had shut down. Factories had shut down. So, that’s inevitable that’s going to lead to inflation.
In the meantime, Fort Worth residents like Donna Ritchie said they’re trying to limit how much they’re shopping for groceries and make what they have last longer. “You feel like your money is just not going very far these days,” Ritchie said. “I think you just have to be patient and maybe it’s something we’re going through from COVID. I’m just trying to wait it out and hope things get better.”
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