Inflation continues to hamstring Wisconsinites and Americans as a whole.
While the US inflation rate continues to gradually fall, it may not seem like it to most.
The inflation rate is down 0.78% from this time last year and sits at 3.27%.
The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.
Jason Weier of Weier Wealth Management explained how inflation is lingering during his Financial Health program on WOMT Radio.
“Sticky inflation, that’s what we’re calling it in the industry,” he explained. “In The FED, the government, financial advisors, and stock market and Wall Street, it’s synonymous with ‘sticky,’ meaning that it’s staying and it’s not going away.”
The cost of living, including rent, groceries, and gasoline, remains much higher than consumers were accustomed to.
The adverse economic ripple effects from COVID are still being felt, even with inflation rates dropping in the past two years.
However, a bright spot for Wisconsin residents, the state remains one of the most affordable in the nation when it comes to the cost of living.
This includes Milwaukee ranking as the 6th most affordable metropolitan area in the country.
Inflation continues to hurt Americans’ wallets, Wisconsinites should be relieved to know they are faring better than the vast majority, nationwide.
You can hear the full program by going to SeehaferPodcasts.com.
