- Inflation: Jackson neighbors say they're still feeling it — especially at the grocery store.
- Inflation was 2.8% for the 12-month period ending September, says the Commerce Department.
- The Federal Reserve's target is 2%.
With inflation still above the Fed's official target of 2%, I'm talking to my neighbors about where they're feeling it the most.
"Kind of all over. I feel that. Obviously grocery store prices are up, but also real estate inflation," says Pam.
Tom says he feels it "almost everywhere — from grocery store to gasoline station."
WATCH JACKSON NEIGHBORS REACT TO INFLATION:
Are you still feeling it in your budget? I ask Lilly.
"I'm still feeling it in my budget," she says.
According to data just released by the Commerce Department, prices rose 2.8% from September of last year to September of this year. The Fed's target is 2%.
"I think everything is up. I can't think of one thing that's tremendously high," says Tom.
Where does it hit you the hardest? I ask Lilly.
"Gas and food for my son," she replies.
Tom adds: "Certainly nothing is stable or lower."
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