Inflation Has to End

Story by Violet Hardy. Photo courtesy of Latest News Updates.

Picture this, you go into a Starbucks and take out five dollars to buy a coffee, but that five dollar bill is not enough to cover this normal expense. This is inflation, a huge hardship causing the price of your daily needs to escalate quickly. Many families and businesses are being negatively impacted by these rising prices. Inflation is an immense ordeal many people in the U.S. are currently facing. 

According to PBS, “U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.” This shows that rising prices are becoming an immense challenge for families, especially families that are already struggling. 

Inflation has to stop. One solution to this problem is managing employment and interest rates. This will reduce prices for items based on their demand. According to Economic Help, “the primary policy for reducing inflation is monetary policy—in particular, raising interest rates to reduce demand to help bring inflation under control.” Although interest rates can have a negative impact on economics, when interest rates lower demand, inflation will start to decrease. In order to raise interest rates and lower inflation we need to get the attention of the Federal Reserve.

Violet Hardy is a 6th grade scholar at Friendship Southeast Academy.