Inflation isn’t simply a statistic economic professors gauge and track. Currently at 8.3 percent in the U.S. — a 40-year high — rapidly rising inflation is negatively impacting the cost of everyday items every Minnesotan consumes leading you to pay more and get less.
Check out some of the biggest year-to-year price increases (Source: Washington Post):
Fuel oil, 44%
Used Cars, 41%
Gasoline, 38%
Hotels, 29%
Utility gas, 24%
Furniture, 17%
Steak, 17%
Chicken, 13%
Fish, 12%
Flour, 12%
Suits, 12%
New cars, 12%
Eggs & milk, 11%
Coffee, 11%
Appliances, 11%
Restaurants, 7%
Rent, 4.3%