𝙸𝚗𝚏𝚕𝚊𝚝𝚒𝚘𝚗: 𝚆𝚑𝚊𝚝'𝚜 𝚁𝚒𝚜𝚒𝚗𝚐 𝚃𝚑𝚎𝚎 𝙼𝚘𝚜𝚝?
Recently inflation in the US hit a number not seen for 40 years, as prices rose on average 7% from Dec-2020 to Dec-2021.
Within that overall measure there is of course a huge range of price changes. We've chosen some of the most important categories from the BLS data.
At the top of the list is "getting around by car", with gasoline prices up almost 50%, and used cars and trucks costing on average 37% more than in 2020. Utility costs are also up, with gas up 24% and electricity up 6%.
In the food department it's bad news for bodybuilders with proteins like meat, poultry, fish and eggs up on average 12%, and weekly food shop likely to cost you 6.5% more this year. Eating out, or "food away from home" as the Bureau of Labor Statistics puts it, is also up 6%.
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