Central Oregon Daily▶️ Here’s how much more you’re paying for stuff compared to a...

▶️ Here’s how much more you’re paying for stuff compared to a year ago

▶️ Here’s how much more you’re paying for stuff compared to a year ago

Grocery bill generic

U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively — trends that raise the risk of a recession.

The government’s consumer price index soared 9.1% over the past year, the biggest yearly increase since 1981, with nearly half of the increase due to higher energy costs. Lower-income and Black and Hispanic American have been hit especially hard, since a disproportionate share of their income goes toward essentials such as transportation, housing and food.

But with the cost of many goods and services rising faster than average incomes, a vast majority of Americans are feeling the pinch in their daily routines.

RELATED: US inflation reaches (another) new 40-year high in June

Here’s how much more you’re paying for things compared to this time a year ago, according to the U.S. Bureau of Labor Statistics.

  • Regular unleaded gasoline: Up 61.1%
  • Electricity: Up 13.7%
  • Utility (piped) gas service: Up 38.4%
  • Fuel oil: Up 26.1%
  • Propane, kerosene and firewood: Up 60.2%
  • Groceries (in general): Up 12.2%
  • Eating out (in general): Up 7.7%
  • Milk: Up 16.4%
  • Eggs: Up 33.1%
  • Chicken: Up 18.6%
  • Ground beef: Up 9.7%
  • Fish and seafood: Up 11.0%
  • Breakfast cereal: Up 14.2%
  • Rice: Up 11.9%
  • Bread: Up 10.8%
  • Fresh fruits: Up 7.3%
  • Fresh vegetables: Up 6.5%
  • Coffee: Up 15.8%
  • Carbonated drinks: Up 11.0%
  • Butter and margarine: Up 26.3%
  • Peanut butter: Up 17.1%
  • Baby food: Up 14.0%
  • New vehicles: Up 11.4%
  • Used cars and trucks: Up 7.1%
  • Tires: Up 15.4%
CentralOregonDaily.com
CentralOregonDaily.comhttps://centraloregondaily.com/
Central Oregon Daily is Television in Central Oregon … on-air, on-line & on-the-go. We are KOHD – Central Oregon’s ABC, KBNZ – CBS for Central Oregon, and local programming on Central Oregon Daily, COTV and CO4 Visitors Network. We are storytellers of all that matters to Central Oregonians.

Subscribe Today

GET EXCLUSIVE ACCESS TO CONTENT

SUPPORT LOCAL JOURNALISM

NEWS FROM 30+ MEDIA SOURCES

250,000+ LOYAL READERS EACH YEAR

Get unlimited access to our news content and our archive of Central Oregon stories.

Top Stories

More Articles