How did our Texflation Index fare this month? Each month, dmnopinion is tracking 10 distinctively Texas items - and whether or not inflation means you’ll be forking over more cash at the counter What are you paying more for these days? Tell us about it.
2:24 AM on Nov 2, 2022 CDTdial made the blood curdle, werewolf-hours second jobs were the norm and even pumpkins cost a bomb.
“That’s going to be an issue…I don’t think people’s wages have increased anywhere near enough to compensate for the inflation, so we’re dealing with much smaller budgets that people have to spend,” said Carroll. Supply is no longer a major problem. In the second phase, it’s expectations of inflation that trigger price increases. The pain is now concentrated in the places it hurts most — food, energy and shelter.
One operator of a North Texas pumpkin patch, who did not wish to be named, said her location had kept prices steady, but a 30% increase in freight costs meant they were a money-losing proposition. All year, people have talked about the implications of a wintry weather for energy prices. It’s these kinds of expectations that the Inflation Monster thrives on. Landlords expect heating oil and natural gas costs to go up, so they preemptively raise rents. Farmers hike pumpkin prices to get ahead of fuel increases.
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