After the “liberation of the epidemic”, all food in supermarkets goes up.
With 1.8 million people getting vaccinated against the New Guinea virus every day, the number of confirmed cases has dropped, and people are preparing to celebrate the “liberation of the epidemic,” only to find that everything from haircuts to airline tickets has gone up; as summer approaches, people are afraid to bleed their wallets by going out to spend.
The latest statistics released on the 28th show that last month’s prices increased by 3.6% compared to the same month last year, and everything except gasoline and food also rose by 3.1%, which is the largest annual increase since 1992.
This is just the beginning of the price flight, the University of Michigan survey of consumer expectations for the annual inflation rate, which was 3.4% in April, jumped to 4.6% in May. The rate of increase is likely to continue climbing throughout the summer, as supplies of both raw materials and labor are short and demand is on the rise.
According to Reuters produced May 29 to 31 “National Day of Mourning holiday price index” table, the first long weekend of this summer consumers may spend money on items listed in, mainly leisure-related spending, deducting doctor visits and mortgage payments, inflation will reach 4.3%.
Why so high? For example, large durable goods such as washing machines and mattresses, than in February 2020 “before the epidemic” month, rose by 7.5%.
Although airline tickets went up 10% from March to April, they are still 18% lower than the “pre-epidemic” prices. As you can imagine, it is likely that more and more people will rest assured that the summer vacation will see the same skyrocketing prices as 15 years ago. Hotels and B&Bs are also on the rise in the past few months, but are still 5% cheaper than before the epidemic, and demand is rising and there is a shortage of manpower for services, so of course there is a great possibility of a rise.
The car rental industry has risen even more outrageously, regardless of buses and trucks, the rental fee has risen 45%.
Non-fast food restaurant order and beverage prices rose at a rate roughly in line with the overall price increase, about 3% higher than in February 2020.
Want to entertain friends and family at home with a barbecue? Don’t think about saving much on ingredients, because compared to last March, grilled meat for burgers rose 7 percent, hot dogs rose 11 percent, vegetables also rose 2 percent, only desserts and pastries, whether fresh or frozen, fell slightly by 1 percent.
Admission to movie theaters, theme parks and concerts is currently up only 2%, admission to sports games such as ball games is down 1%, haircuts and nail salons are up 6%, and the Bureau of Labor Statistics does not track tattoo prices, but the number of appointments is up, so it seems to be up more than down.
“After the liberation of the epidemic, everything has gone up, and the car rental on the National Day of Mourning has gone up even more outrageously, with rental fees rising 45%.