WICHITA, Kan. (KAKE) - A bad situation is getting worse. Wall Street had its worst day since June 2020. The Dow dropped more than 1,250 points and the consumer price index keeps going up. 

"All the things I use to get for $2 are now $3, $3.50. In less than a year's time that's bad,” said Terri Hazen, a Wichita resident.

Hazen is reflecting on how much prices have gone up in the past year. Just on the simple grocery store items, she is used to getting.

"My bread's gone up almost $1 a loaf. I use a special bread," said Hazen.

But Hazen is not the only one.

"Meats are very expensive and fruit,” said Jane Street a Wichita Resident.

So why are prices still high? When will they cool off?

"I don't care what anybody says. We haven't really quite hit the reset button on this pandemic. So, there's still some pressures that go with that. From supply chains and all the disruptions, we have with that,” said Dr. Larry Straub, an associate business professor at Newman University.

Straub believes the demand for goods is high but the supply is not.

"We got pressures on prices, just because there are too many dollars chasing too few goods. That's kind of a dangerous cycle to be in,” Straub said.

Straub says the federal reserve raising the interest rate is supposed to cool off buying time for prices to go down. But it's something that can't happen overnight.

Now with a potential railroad workers' strike looming, the price you pay for bread could go even higher.

"So, in terms of the railroad strike, there's a lot at stake here. Because it has so much to do with our infrastructure. It has so much to do with our supply chain logistics. I think the biggest question on this is whether the government will intervene on this,” said Straub.

Now for the railroad workers, if the unions do not come to an agreement by Friday, that means less product would come in.