Inflation and prices are on the rise: Why experts say this is just the beginning
Economics professor and research director for the Center for Business & Economic Research at UNLV, Stephen Miller, says he saw the increases in inflation coming.
“Well, I didn’t find it all surprising. At some point, this tariff tango that’s been going on for months is going to have its effect on prices,” Miller said.
Miller believes the inflation increase is just getting started.
“You know, I expect it to go up. I don’t know how much, probably maybe 3-4% for a few months,” he told me.
Inflation impacts everything, but just as a reminder, the 2.7% figure represents the average price increase from June 2024 to June 2025 for all products, including food, gas, rent, apparel and more. This means some items rose more than 2.7% and others even decreased in price.