He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.”
Zandi says his stark prediction is based on recent inflation data. “Foreign-born labor force is declining, and the overall labor force has gone flat since the beginning of the year,” he added. “That’s causing tightening in a lot of markets, adding to costs and inflation.”
My spouse told me a store was having a “sale” on 2 liters of soda, for $4.29. That has to be higher than I’ve ever heard. I don’t by Coke often but if I was buying a 2 liter $1.99 was expensive a couple years ago. Products like that have to be at 30%+ inflation.