While the price of eggs seems to be normalizing, inflation is still real. The June 2023 CPI for All Urban Consumers shows a 4% annual inflation rate, according to the Bureau of Labor and Statistics. And while we are seeing some easing, the rate is still uncomfortably high for many — including those living on tight budgets with less disposable income. Inflation can impact employees with moderate incomes more significantly than those with more generous incomes because a greater portion of their income is spent on necessary goods and services such as food, gas, health care, etc.
The impact is real, with individuals and families needing to make decisions — sometimes challenging ones — about what purchases to make and which to forgo. Even among those who have not had to make difficult decisions, there are daily impacted decisions — do we buy the name-brand, select-a-size paper towels (my indulgence) or the store brand?
