Inflation IRL: Five things that are more expensive this winter.
, people are paying more across the board. From more expensive food to an increase in the cost of gas every time you fill up your tank, virtually every aspect of the economy is feeling the squeeze right now.
“Almost every producer cut noticeably,” De Haan said. “OPEC cut production by a third. The U.S. cut production by a third. Nobody really thought twice about it until vaccines gave an opportunity to reopen the economy.” “It’s all one system,” De Haan said. “It’s a global commodity. What happens in any country can have an effect.”While the used car market used to be the place to find discounted vehicles, that’s not the current reality. According to the online car marketplace CarGurus, the price of a used car has increased by almost 50 percent since June 2020.
“It's real-life economics 101,” Roberts said. “Demand remained high, supply remained constricted, so prices went up.”
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