As inflation cools, prices remain high and economists are tracking changes for the summer

Economists nationwide are keeping a close eye on inflation and how it’s impacting prices. “Everyone has seen and realized the 10 consecutive increases and interest rates that the Fed has made since March of 2022 and that’s affecting businesses and consumers alike. So that’s a big one and it’s going to be with us for a little while,” said Robert Hooker, Professor of Supply Chain Management at the University of South Florida. The primary drivers of inflation have been housing, food, and energy. All of those have one thing in common: they’re necessities.