Inflation is running rampant in the U.S. — here’s where it is, and isn’t Gas, trucks, housing and food account for the vast majority of price increases over the past year.
The inflation storm is still battering American families, and there’s no quick end in sight.
Since March, when inflation really began to heat up, the consumer price index (CPI) has risen at an 8% annual rate, the highest in more than 40 years. Over the past two months, prices are up at a 10.8% annual rate.
Everything may be more expensive, but some prices are going up faster than others, and some prices mean more to us than others, because they are a bigger part of our budget.
Follow & share @TransAmericanFriendship
