Inflation Is NOT "Very High" ... But Your Home Owners Insurance Is Still About to Jump

Inflation Is NOT "Very High" ... But Your Home Owners Insurance Is Still About to Jump

January 11, 2024

In this week's video, we briefly review the updated 2024 contribution limits for retirement plans. We then review inflation and dispel the claim that inflation is "very high". Yes, prices are still elevated. But that is because inflation was very high and we have not seen deflation. But, for now, inflation is NOT "very high".

That said, if you live in North Carolina, your home owners insurance is very likely going to be jumping. So, while broadly speaking inflation has come back down to be close to the 10-year average, there are still some prices that likely have some catching up to do, like homeowners insurance rates.

Property taxes would be another one.

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