The price of everything has gone up. Here's how big the impact is

Описание: All goods and services cost more in 2022 than they did just one year ago.

The Consumer Price Index rose 7.9% from February 2021 to February 2022. Consumer Price Index, or CPI, is “a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services,” as defined by the U.S. Bureau of Labor Statistics.

The latest 12-month tally shows energy prices rose 25.6% from February 2021 to February 2022, too.

Food prices increased 7.9% during that same year-long period which is the largest 12-month jump since July 1981.

More specifically, the CPI for meats, poultry, fish and eggs increased 13% over the past year, making it the biggest year-to-year increase since July 1979.

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