Rose Shannon

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Jul 26, 2024, 12:29 PM

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Updated

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The Real Deal: Industry and job trends in Connecticut

New Gross Domestic Product numbers released Thursday showed a stronger growth than expected for the second quarter.

This comes as prices continue to rise on many necessary goods we all use, according to Caleb Silver from Investopedia

"When we look at Connecticut where prices are still rising, you gotta look at natural gas, that's up 7.5% year over year. Rent prices are still up more than 7% especially in some select counties. Medical care is up 6.4%. Food away from home, restaurants, we know that price keeps going up, over 5.7% for food away from home," says Silver.

One area where prices have started to decrease is used vehicles.

Silver says people can expect prices to continue to drop through the year.