Cost of Living Crisis Deepens: Why Everything Keeps Getting More Expensive

Furthermore, specific government regulations can impact the cost of certain goods and services. Environmental regulations, while often beneficial in the long run, can sometimes increase production costs for businesses, which may be passed on to consumers. Similarly, regulations related to labor standards, such as minimum wage laws, can affect labor costs and subsequently prices. Housing policies, including zoning laws and subsidies, can influence the supply and demand for housing, significantly impacting rental costs and property values, which are major components of the cost of living.