Is inflation making people rethink their summer travel plans? [Video]

(WXYZ) — The next inflation report comes out this week, but if you ask many people, you’ll hear inflation is still forcing tough decisions.

We wanted to know how people were balancing rising costs with summer plans, and I hit the street to see how metro Detroiters are weighing inflation against vacation.

A fresh Rochester University graduate, Baylee Malone, can’t miss her morning coffee.

“Have you noticed how latte prices have gone up over the years?” I asked Malone.

“Oh yeah even the price for this has gone up, I want to say a dollar or two,” she said.

“But then so have prices for other goods and services?” I followed up.

“Yes, I’ve noticed price increase in regular grocery shopping. I could get back by about $250 a month and now I’m hitting around $350,” Malone said.

“So how are you managing all this?”

“I’m in a lot of personal debt, credit card debt, trying to pay everything,” Malone said.

…