Has inflation over the past few years been hitting your pocket hard? It has here at Salemtowne. While the Consumer Price Index may have shown an increase of 1.4 in 2020, 4.7 in 2021, and 8.0 in 2022, have you noticed that your actual expenses have increased by far more? Salemtowne has noticed that theirs have.
Here are three examples of Salemtowne’s expenses over a four year span:
Water/Sewer: 2020, $11,200.00; 2021, $14,650.00; 2022, $21,000.00; 2023, $21,000.00
Electricity: 2020, $8,700.00; 2021, $9,200.00; 2022, $11,000.00; 2023, $12,000.00
Gas and Oil: 2020, $5,700.00; 2021, $7,100.00; 2022, $12,000.00; 2023, $12,000.00
More examples could be cited – such as the Grounds Superviser noting that parts and materials to maintain the common grounds have doubled or tripled in price since 2020. Ouch! No doubt, it’s the same scenario at your home.
