INFLATION

I do the weekly shopping at BJ’s for my family, mostly produce, a block of New York sharp cheddar, milk and some bread. For the longest time, it’s been $80 every time. It’s now $120. To many, that may not sound like much, but it adds up to $160 a month, almost $2,000 a year. That’s someone’s post-COVID-19 vacation, part of someone’s college savings or half a year of car payments. 

I’m fortunate to have a wife who’s a saver and was able to pre-buy our heating oil over the summer, locking in the price. Many don’t have the means to do that and are now trapped paying high prices to heat their homes. They’re in those homes more because they can’t afford to fill their cars with gas as prices shoot toward $5 a gallon.