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These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
Prices surged 9.1 percent in June as consumers faced rapidly rising costs for gas, food and rent, a higher-than-expected reading and bad news for Americans at a moment when their wages are...
Inflation is raising prices across America. NBC News is tracking inflation levels affecting gas, flights, groceries and more, including the consumer price index.
Dairy farmers say extreme heat and smaller cow herds—the result of pandemic financial struggles—are the main reasons behind the price increase for butter.
Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively.
In the United States, prices have climbed 6.2% — the biggest increase since November 1990, and well above the Federal Reserve’s long-term inflation goal of around 2%.
Inflation did not ease as much as expected in August, with an 8.3 percent rise in the Consumer Price Index showing that the squeeze on consumers remains acute.
Prices continue to rise fastest in the South, at 3.7 percent over the year, and the West, at 3.2 percent. In the Northeast, they have increased 2.4, and 2.8 percent in the Midwest.
Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, the Labor Department said Tuesday. Compared with a year earlier, consumer prices rose 3.2% last month, above January’s 3.1% annual pace.
Overall prices rose 5.4%, the same increase seen in June. Looking at just the month of July, consumer prices rose 0.5% on the whole, less than the 0.9% increase for the prior month.