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With presidential elections around the corner, could some key expenses finally go down depending on the November winner?
If so, what factors are at play?
Declines in price levels for some things, like gas, are normal.
Broad-based declines in prices mean an economy is shrinking.
This is a scenario central bankers try very hard to avoid.
Additional factors for food inflation can also be the result of several events, explained Colyar.
The increasing prevalence ofsevere storm activityand wildfires is pushing homeowners insurance rates higher, said Rosenkranz.
As he explained, healthcare prices are often agreed to with insurers far in advance.
To do so, they of course raised pay.
Which Key Expenses Might Go Down?
Mays decline in the CPI formotor vehicle insurancewas welcome.
None of these components are immediately sensitive to who wins the election.
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