Ready or not, inflation is here

Published July 23, 2021 3:00am ET



The signs are everywhere: Food prices are rising, homes are being snatched off the market, shipping rates are way up, and utility bills are becoming more and more expensive with every month that passes. Inflation is here, and it’s affecting everyone.

Mark Maguire, who owns a restaurant in North Dallas, Texas, has had to raise his menu prices twice since March, he told the Washington Post. His suppliers hiked the cost of foods such as chicken, beef, and cooking oil, and he had to raise wages just to find people willing to work.

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