As the economy starts its slow and gradual rebound from the COVID-19 pandemic, many of us are finally seeing the effects of inflation that has been ramping up for the last two to three years at least.
Many falsely assume that gas prices skyrocketed in early 2021, when in fact they started rising in the summer of 2020.
Regardless of the exact time frame, the repercussions are nearly the same. Many of us are going to struggle affording basic goods and services in this country as their costs rise and our incomes stay static. It’s no secret that the rising cost of living is completely disproportionate with what the average job pays from one end of the country to the next. When I needed to get a new central air conditioner and furnace recently, the increased cost for both machines took me by surprise. The previous time I checked the price was only two years prior, and the increase since was around 30% of the original price. After calling several HVAC suppliers looking for better deals and coming up empty, I finally found a company offering a rebate price on a new heating and cooling system if I bought an air conditioner and furnace together. This led me to get a heat pump, which takes care of both my heating and cooling needs all in one machine. I’m also spending considerably less on energy costs to heat my home in the winter and I couldn’t be happier. When inflation affects everything, it’s important to find good deals wherever you can.