We all know by now that we are living in an age of inflation. The word gets tossed around a lot but how is it actually affecting the prices of everyday items… and therefore our bank accounts? The US Bureau of Labor has released data tracking the month-by-month prices of a handful of items most people use frequently. I took the prices from August 2021 and compared them to the most recently recorded prices (August 2022) to find the percentage of change year over year. If all of that mumbo-jumbo makes no sense, it’ll make more sense when you look at the items listed below.
Bananas
August 2021 price per pound: $.589
August 2022 price per pound: $.643Percentage Increase: 9.2%
Tomatoes
August 2021 price per pound: $1.858
August 2022 price per pound: $1.890Percentage Increase: 1.7%
Eggs
August 2021 price per pound: $1.709
August 2022 price per pound: $3.116Percentage Increase: 82.3%
Milk
August 2021 price per gallon: $3.560
August 2022 price per gallon: $4.194Percentage Increase: 17.8%
