Five parts of the economy where you can see inflation
More Americans might find their dollar isn’t going as far as before under the sting of rising inflation, as price stickers on food, gas and other goods and services skyrocket across the country.
Data released by the Labor Department this week found that consumer prices climbed 1.2 percent last month and 8.5 percent annually. The yearly increase marks the highest seen in roughly four decades, as the Russian-Ukraine war exacerbates the nation’s inflation problem.
Some economists are hopeful prices for items like fuel will reach their peak soon, but they warn other...