Wherever they go, consumers are seeing spikes in prices as they buy everything from homes to insurance to airline tickets.
More likely than not, spiraling inflation will continue to feast on wallets well past 2022, according to a Florida Atlantic University economist.
Around the nation, “the real value of wages for workers will likely fall even further as the Federal Reserve shows no signs of neutralizing worse-than-expected inflation,” said William Luther, an economist and associate professor at FAU’s College of Business.
