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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

    bananas
    August 2021 price per pound: $.589
    August 2022 price per pound: $.643

    Percentage Increase: 9.2%

  • Oranges

    August 2021 price per pound: $1.40
    August 2022 price per pound: $1.70

    Percentage Increase: 21.4%

  • Bread

    August 2021 price per pound: $1.467
    August 2022 price per pound: $1.756

    Percentage Increase: 19.7%

  • Tomatoes

    tomatoes
    August 2021 price per pound: $1.858
    August 2022 price per pound: $1.890

    Percentage Increase: 1.7%

  • Chicken

    August 2021 price per pound: $1.472
    August 2022 price per pound: $1.879

    Percentage Increase: 27.6%

  • Electricity

    August 2021 price per KWH: $.144
    August 2022 price per KWH: $.167

    Percentage Increase: 16.0%

  • Eggs

    Dozen Eggs
    August 2021 price per pound: $1.709
    August 2022 price per pound: $3.116

    Percentage Increase: 82.3%

  • Unleaded Gas

    August 2021 price per gallon: $3.255
    August 2022 price per gallon: $4.101

    Percentage Increase: 26.0%

  • Ground Chuck

    August 2021 price per pound: $4.636
    August 2022 price per pound: $5.120

    Percentage Increase: 10.4%

  • Milk

    dairy cow
    August 2021 price per gallon: $3.560
    August 2022 price per gallon: $4.194

    Percentage Increase: 17.8%