It seems almost everything now costs more than it did a short while ago, with price increases are commonplace across the board. According to the US Labor Department, prices rose 3.5% over the 12 months to March 2023, with a jump from 3.2% in February, with higher gas and housing costs accounting for more than half of the increase.
It’s most just consumers who are finding themselves being squeezed, though, as businesses are also having to shell out more for essentials, with data storage tape the latest product to suddenly become much more expensive.
