Inflation has become a household word and the boogeyman everyone is trying to stop. Who or what's to blame?
With fall in full swing and snow adorning the mountain tops, I turn to a classic dish for a little winter comfort: Campbell’s Tomato Soup. First introduced in 1895, the can would don its familiar red and white label in 1898 after an executive attended the annual Cornell-Penn football game and “was impressed by Cornell’s new red and white uniforms,” according to Campbell’s website.
This shouldn’t be surprising to anyone. Prices have been on the rise across the board. Inflation has become a household word and the boogeyman everyone is trying to stop. Who or what’s to blame? It depends on your news source: Democrats, Republicans, OPEC, COVID, Federal Reserve , suppliers, consumers, the person who owns your local bakery … you name it. As if these individual entities have a lever in their office that directly controls the prices of goods and services.
Yet, consumer spending remains high. Anyone who’s traveled lately is familiar with the long lines at DIA or the difficulty in finding some of the goods we all still want. Personally, I assume most things I order are going to take at least two weeks more to arrive than anticipated. With consumers adapting to higher prices, I believe it’s unlikely we’ll see significantly lower prices soon. Inflation is “sticky.
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