Inflation always drives up prices over time, but ever since the pandemic, consumers have felt the pinch a bit more. After hitting a 40-year peak at 9.1% in June 2022, the consumer price index (CPI) has fallen dramatically, but the costs of many basic goods and services remain much higher than they were before the pandemic.
With every dollar stretching thinner, most Americans need to adjust their budgets to the reality of elevated prices. Here’s a look at just how much prices have jumped and how you can tailor your approach to real-world data.
