We are all feeling the impact of inflation - but prices of some staples of our everyday lives are rising faster than others.
Bankrate took a look at where prices are rising the most. They found that 49 of the 50 "consumer staples" rose in price over the last year.
"It ultimately means that inflation is hard to avoid, and it's hard to shop around," says Sarah Foster, U.S. economy reporter at Bankrate.
To no one's surprise, gasoline prices saw the highest leap of any of the 50 staples that Bankrate looked at, jumping 49.5% year-over-year.
But Americans have also felt the impact at the grocery store, and specifically the dairy aisle.
According to the study, eggs rose 32.2% in the last year. Butter and margarine surged 20.2%. Milk climbed 15.9%. Ice Cream jumped by 9.6%.
"(Gas prices) have a lot of impact on food prices overall," Foster points out. "Every industry requires transportation for shipping, for getting those items from the factory or the plant or the farm to the grocery store.
"When we see energy prices being up so much it's...pervasive in the fact that high inflation tends to stay in motion by impacting a lot of these other corners of the economy."
Other energy prices also surged. Utility (piped) gas service (20.2%), energy services (16.2%), and electricity (12%) are all rising faster than the overall rate of inflation.
Related
LISTEN on the Audacy App
Sign Up and Follow NewsRadio 1080 KRLD