WABI interviews Trostel about grocery prices, inflation

WABI (Channel 5) talked with professor of economics and public policy Philip Trostel about the likelihood of experiencing inflation based, in part, on the rate of increase in the cost of groceries. “My initial knee-jerk reaction is we would see the biggest increase in prices in April when things were locked down the most, and as things have started to ease a little bit, actually the rate of increase has continued to go up instead of stabilize or even go down,” he said. Trostel indicated there is not enough data to predict if prices will continue to rise, or what the rate of increase might be.