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The Guardian - US
The Guardian - US
Business
Gene Marks

Yes, inflation has slowed, but business is still paying the price – and so are you

a house under construction
A house under construction in Kyle, Texas, on 18 March 2024. Photograph: Jordan Vonderhaar/Bloomberg via Getty Images

Consumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly – significantly! – higher than they were when Joe Biden took office.

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