Julia Carpenter
speaker
3,850 appearances
71 recordings
1 series
first heard Oct 2019
last heard Sep 2024
Julia Carpenter’s voice in public audio — every appearance, attributed to the second.
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Appearances
And the reason we say sticky is because we mean that prices go up or go down and then take much longer to move.
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They're not as fluctuating as other prices.
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And the Federal Reserve Bank of Atlanta actually measures a sticky price consumer price index.
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That's their economic indicator that can help gauge which costs in your life might stay high for months to come.
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Right.
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These are things like rent, which I think a lot of people understand because you sign your contract for rent at the beginning of your lease and you can sort of expect it to stay constant.
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But there's also things like household furnishings, baby clothes, public transportation, medical care, all of these things.
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rise and then stay there.
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So don't expect the price of a haircut to come down anytime soon.
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That price has risen 4.4% from a year ago and it's unlikely to drop anytime soon.
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Same with car repairs.
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Those prices have risen 11% and they're likely to remain high for the coming months.
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You know, and also alcohol is on that list as well.
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People might notice that when they go to the liquor store, they might see that these prices have risen and they are not as slow to drop as other things.
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I spoke with the Atlanta Fed and I spoke with an economist there named Brett Meyer.
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And he said that one thing we're seeing during the pandemic is that those set of sticky prices, we've seen them increase much more rapidly and behave with much more volatility than they would outside the pandemic.
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Gas is a really obvious one for people.
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I think people sort of know to expect that when they go to the pump, they might see a price change.
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But also, we've seen the average price of a gallon of gas really change this year.
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You know, it was above $5 in June, and now as of this last week, according to the AAA, it's come down to $3.76.
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Showing 1541–1560 of 3,850 · page 78 of 193
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