LOUISVILLE, Ky. — We're all paying more for everything.
Tuesday, a new report confirmed that inflation is not slowing as much as expected; inflation is at about 8.3 percent compared to a year ago.
The news was felt all the way on Wall Street - stocks had their worst day in more than two years following that report.
WHAS11 spoke to a consumer, farmer, and restaurant owner in Louisville who are all feeling the effects.
Aminah Thompson is a regular at the the Phoenix Hill NuLu Farmer's Market, one of few places she's found financial relief recently.
"Inflation is ridiculous,” Thompson said. “My grocery bill has went up a lot. It's terrible right now."
With young boys at home, she's had to sacrifice snacks and other non-essentials to make ends meet.
"I have to be really strategic on how I plan out the whole month to make sure we have enough money,” Thompson said.
Though Thompson takes part in a program that provides free groceries to expectant mothers, she said she knows the money she would spend at the farmer’s market is much less compared to grocery stores.
However, farmers don't always share that same relief.
Larry Lesher, owner of Eastward Gardens in Hardinsburg, Indiana, said soaring inflation and supply chain issues has been an uphill battle.
“The price of gas has affected us quite a bit,” he said. “Not to mention, for us specifically, we buy organic fertilizer, but all of the fertilizer input costs have gone way, way up as well."
And so has the cost of other things that go into producing leafy greens and bright red tomatoes.
Lesher said he’s getting solar panels installed to bring down energy costs, but he expects things to get worse before they get better.
“I think we're still gonna feel some of the residual, you know, downstream effects that are going to hit us later, you know, food costs and things that are still coming,” he said.
At Ricky B's Cafe, owner Ricky Barrett said he has to make decisions on a daily basis - from deciding what he serves on the menu, to deciding if he wants to spend a little bit more on black napkins.
"Juggling - you become a really good juggler after a while,” Barrett said.
He said you never know what a supplier will be out of, how limited the supply will be, or what the price will be in a given week.
For example, Thompson said he may only buy two containers of a certain produce instead of his usual six, or he might drive to his supplier in Indianapolis instead of paying for delivery.
Overall, he adjusts.
"You try to find things that cost a little less here a little bit there,” Barrett said. “Many times, you drop the thing. You get it back up you start juggling again.”
It’s a sport consumers and owners alike have all gotten good at.
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