Inflation is not just raising the price of gas, groceries, and clothing.
Inflation is eating at people's wallets this new year, whether it's the price of groceries, gym shoes, tires, or something for the home.
Gary Allen found the perfect backyard cedar shed at Lowe's last spring. He prepaid $9,400 on his credit card.But April, then July, then September came and went, and Allen was still waiting for his shed.Allen says the store had a lot of other sheds in stock, but none of them were as large enough or looked like the farmhouse shed he ordered."I paid $9,400," Allen said."And now it's $12,100.
We contacted Lowe's, where a spokesman promised to look into Allen's case and see if there was anything they could do. A week later, they offered him a gift card for $750. Allen says it still doesn't make up the difference.It's the same inflation hitting new and used cars, appliances, and other items, where a car that cost $30,000 last spring can now cost $35,000 or more due to product shortages and high demand.
GoBankingRates.coms says some of the areas seeing the biggest price inflations are used cars and trucks, fuel oil, electricity, shelter , and meat.Sure, we see the impact of inflation every time we buy groceries.As always don't waste your money.Like" John Matarese Money on FacebookFor more consumer news and money saving advice, go to www.dontwasteyourmoney.com
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