February 11: Inflation: what’s rising the most?
Inflation in the US hit a 40-year high in January 2022.
Published: January 2022
Inflation: what’s rising the most?
Inflation in the US hit a 40-year high in January 2022. Prices rose an average of 7% from December 2020 to December 2021.
Some consumer goods and services are being hit especially hard. Gas prices are up 50% and some grocery staples, such as meat and eggs, are 13% more expensive than they were this time last year.
Inflation %, YoY
Used cars and trucks: 37%
Utility gas service: 24%
Meats, poultry, fish, and eggs: 13%
All items: 7%
Nonalcoholic beverages: 5%
Fruits and vegetables: 5%
Cereal and bakery products: 5%
Hospital services: 3%
Rent of primary residence: 3%
Airline fares: 1%
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