For everyone responsible for handling their St. Cloud household expenses, the steady barrage of

inflation examples is changing long-standing buying patterns. Their own latest experiences at the gas

station or supermarket are impossible to ignore—most local St. Cloud householders hear the latest

percentages and mentally confirm them.

When the official government figures were in the low single digits, there was little incentive for

worrying about what seemed to amount to mere pennies. Everyone took for granted that dollars lose a bit

of buying power over time—but economists remain unanimous in their opinion that some inflation is

actually a sign that things are on the right track.

Nothing to worry too about.

It’s a different story today. The latest inflation number now weighs in at close to double-digits.

June’s 9.1% U.S. government CPI data hit a 40-year high—a number that most St. Cloud supermarket

shoppers would confirm: “Let’s see, now: this dozen eggs costs $x.xx...less 10%...YES, by golly: it was

more like $x.xx last summer....”

One facet that’s getting little attention is the cumulative rate of inflation. The figure that gets all the

attention is the single-year percentage—but as time wears on, the effect of multiple years of inflation is

more dramatic. The cumulative effect may not be literally exponential—but it is greater than simply

adding one year’s inflation rate to the next.

A simple calculator that shows the effect between any two years since 2013 can be found at US

Inflation Calculator—a site you may want to visit from time to time. Whether you are planning to buy or

sell most anything (including St. Cloud real estate), keeping in mind how inflation alone affects the dollar

cost can be a reality element to integrate into your planning. When it comes to St. Cloud real estate, the

latest local comparable sales results constitute equally vital ‘must-know’ data. Call me for those!

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

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Saint Cloud 320-259-4554

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