Part 3/8:
The troubling aspect of inflation is that once prices rise, they seldom fall back to previous levels. Many had hoped that the spike in prices seen during the pandemic would be temporary, but as consumers now contend with substantially higher costs for basic goods, the reality is stark. For instance, the price of eggs, once averaging $1.48 per dozen, has skyrocketed to approximately $4.15 as of December 2024, representing a drastic increase that leaves many struggling to manage their grocery bills.