As of October, the annual inflation rate in the U.S. had reached 7.7%. But the price of some goods and services have surged beyond that — the cost of energy has increased 17.6% over the past year, while the cost of food has increased 10.9%. So if you’ve felt like things are significantly more expensive this year, it’s because they really are.
By Gabrielle Olya
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Here’s a look at how the cost of some popular consumer goods compares to 2021.
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Bacon
- Median cost in October 2021: $7.32 per pound
- Median cost in October 2022: $7.61 per pound
- Percent change: 4.0%
Bananas
- Median cost in October 2021: $0.60 per pound
- Median cost in October 2022: $0.63 per pound
- Percent change: 5.0%
Bread
- Median cost in October 2021: $1.53 per pound
- Median cost in October 2022: $1.81 per pound
- Percent change: 18.3%
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Chicken
- Median cost in October 2021: $1.52 per pound
- Median cost in October 2022: $1.86 per pound
- Percent change: 22.4%
Coffee
- Median cost in October 2021: $4.80 per pound
- Median cost in October 2022: $6.41 per pound
- Percent change: 33.5%
Eggs
- Median cost in October 2021: $1.82 per dozen
- Median cost in October 2022: $3.42 per dozen
- Percent change: 87.9%
Electricity
- Median cost in October 2021: $0.14 per KWH
- Median cost in October 2022: $0.17 per KWH
- Percent change: 21.4%
Flour
- Median cost in October 2021: $0.40 per pound
- Median cost in October 2022: $0.56 per pound
- Percent change: 40.0%
Gasoline
- Median cost in October 2021: $3.39 per gallon
- Median cost in October 2022: $4.02 per gallon
- Percent change: 18.6%
Milk
- Median cost in October 2021: $3.66 per gallon
- Median cost in October 2022: $4.18 per gallon
- Percent change: 14.2%
Oranges
- Median cost in October 2021: $1.49 per pound
- Median cost in October 2022: $1.73 per pound
- Percent change: 16.1%
Rice
- Median cost in October 2021: $0.79 per pound
- Median cost in October 2022: $0.96 per pound
- Percent change: 21.5%
Tomatoes
Median cost in October 2021: $1.89 per pound
Median cost in October 2022: $1.97 per pound
Percent change: 4.2%
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