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The Independent UK
The Independent UK
Business
Rhian Lubin

Nearly all goods and services have seen massive price spikes in the last five years. Here are the areas hit hardest

The costs of nearly all goods and services - from gas and groceries to childcare and car insurance - have spiked dramatically in the last five years as Americans continue to grapple with high prices.

Overall, consumer prices have risen more than 30 percent in the past seven years — two and a half times the increase seen in the years before the pandemic between 2012 and 2019, according to analysis of Bureau of Labor Statistics data by The New York Times.

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