When Are The Prices Going To Start Coming Down?

We keep hearing from the White House that inflation is coming down (even though it rose again in February), but when are the prices going to start coming down?

"Unfortunately, I don't see prices for the consumer coming down anytime soon" said economist EJ Antoni with the Heritage Foundation, "We should definitely anticipate price increases to continue, and to continue at current rates. All these people who tell you we're trending towards a 2% inflation rate, they're full of it."

As the old adage goes, once prices go up, they usually don't come down.

"The only thing we can do to get prices down, is gonna be to get some kind of fiscal and monetary restraint in D.C." Antoni told KTRH, "And the problem is, the people who are in charge right now just don't have the will to do that."

The reality is, and this is according to data from the White House, is that businesses are paying an increase of 19%, which is the exact same amount as consumers are paying. So what is happening is, businesses are passing their cost increases on to consumers. It's really that simple.

In other words, these new high prices are actually the new normal.