Live Updates: Inflation and More Economic Updates

These Household Items Have Seen Major Price Jumps Due to Inflation

Any way you slice it, consumer prices have soared in 2022. On a year-over-year basis, prices in March jumped 8.5%, the highest inflation rate in 40 years. A perfect storm of supply chain issues, the war in Ukraine and the residual effects of $5 trillion in stimulus payments has resulted in surging prices that many Americans have never experienced in their lifetimes.

To capture the real-world effects of rising inflation, GOBankingRates analyzed data from the Bureau of Labor Statistics to see how much prices have actually risen from April 2021 to April 2022, complete with seasonal adjustments.

Here’s a look at which household items have seen the biggest price increases over the past year, presented in reverse order.

What Led World Bank To Downgrade Its Global Economic Forecast?

The World Bank has significantly slashed its global growth forecast,…