1. Overview of the Issue Inflation remains a defining economic challenge of 2024, particularly for U.S. households managing increased costs for essentials like groceries, housing, and healthcare. While the pace of inflation has decelerated compared to the peaks of the previous years, the prices of basic goods and services remain high, creating strain for consumers, […]
The Continued Impact of Inflation on Consumer Spending in 2024
1. Overview of the Issue Inflation remains a defining economic challenge of 2024, particularly for U.S. households managing increased costs for essentials like groceries, housing, and healthcare. While the pace of inflation has decelerated compared to the peaks of the previous years, the prices of basic goods and services remain high, creating strain for consumers, […]