These days it seems like everything has a bigger price tag — from local gas prices, to groceries, rent and other necessities. Inflation has changed the prices of everyday goods throughout the years, with some years being worse than others.
In June of this year, the United States’ inflation rate rose 9.1% over last year, not seasonally adjusted, according to the U.S. Bureau of Labor Statistics. This was the highest level of inflation since November 1981.
According to research conducted by the AARP, inflation has averaged 4% the past 50 years.
