> most economists certainly did not expect this already for the first quarter
For me personally, I've largely stopped buying non-required stuff. Not because of price increases, but because I'd rather have the cash on hand to help me & my friends to survive the next few years. Two of my friends lost their jobs in the Trump job cuts, and many of my friends are in less secure financial positions than I am. I'd rather be able to give them some cash than buy stuff I don't need, so I'm hanging on to my savings for now. Dark times ahead, and cash will be more useful than another guitar or whatever.
For me personally, I've largely stopped buying non-required stuff. Not because of price increases, but because I'd rather have the cash on hand to help me & my friends to survive the next few years. Two of my friends lost their jobs in the Trump job cuts, and many of my friends are in less secure financial positions than I am. I'd rather be able to give them some cash than buy stuff I don't need, so I'm hanging on to my savings for now. Dark times ahead, and cash will be more useful than another guitar or whatever.