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Want to Understand Inflation? Check the Price of Your Haircut
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MATTOON, Ill.—Donna Homann has been cutting some of the same people’s hair since 1970, back when she charged just a dollar a head.
In January, she did something she hadn’t done in four years: She raised prices at her Side Door Beauty Salon from $18 to $20 for a unisex wash and cut and from $14 to $16 for a styling, which includes blow-drying and straightening. Her cost of living is going up, as is the cost of doing business. The price of a haircut has to rise, too, she says.
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