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Inflation is raising prices across America. NBC News is tracking inflation levels affecting gas, flights, groceries and more, including the consumer price index.
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
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.
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...
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%.
Consumer prices up 2.9 percent from July 2023 to July 2024. Over the year ended July 2024, the Consumer Price Index for All Urban Consumers increased 2.9 percent. This was the first time since March 2021 that 12-month increase was below 3.0 percent, when prices rose 2.6 percent.
Yet so far this month, the average price has climbed higher, rising 15 cents to $3.23 a gallon as of Tuesday, according to AAA. Grocery prices rose 0.4% from December to January, the biggest such rise in a year, though compared with 12 months earlier, food prices are up just 1.2%.
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.
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.