Among the top key issues during this election cycle in Arizona is inflation.
At every turn, living in the Valley has become overwhelmingly expensive for basic needs.
Many small business owners don’t want to, but they are left with no choice but to pass costs on to customers.
Businesses
In Peoria, some small business owners are making the adjustments needed to keep businesses open.
Don’s NY Pizza owner, Joe, says you can’t skimp on quality.
“I can buy pepperoni for $55 but mine is like almost $100,” he said.
These days affording or even finding quality ingredients has become a challenge amid inflation.
For example, the oven is the pulse of any pizza joint. Joe says the natural gas used to operate it costs 40% more these days.
The popular pizza pairing of chicken wings is costing him 35% more.
And containers aren’t always easy to find.
Even salad has increased.
“Lettuce. Usually $20-$30 a case, it’s been $60-plus a case. Usually, you’re like, ‘I just want a salad, why did you go up 50 cents or a dollar on a salad?’ Well, the lettuce went up double,” he said.
Gas prices
Gas prices have taken Stephen Johannes and his towing business for a ride.
“It’s discouraging...I won’t go out there and do as much work, honestly,” said Johannes.
Monday’s average price for a gallon of unleaded fuel in Peoria is $4.78.
A month ago, it was $4.07, according to AAA.
The trucks Johannes uses take diesel, which has typically been north of $5 a gallon these days. So, he had to adjust his business plan.
“We won’t take calls over 50 miles because it’s not worth it for us. Because the diesel prices are so high. We’re averaging $5.19 a gallon right now. And with four trucks, we’ve got 50-gallon tanks at 7 miles a gallon,” he said.
Housing
A look at inflation’s impact in Peoria, the average home value is over $485,000 today. That’s an over 11% increase since this time last year, according to Zillow.
Rent has shot up 3.5% statewide. In Peoria, rent has increased 7.5%, according to apartmentlist.com.
