Items Hit the Worst by Inflation

by Fred Fuld III

I’m sure you have noticed prices increasing, not just at the pump. But do you know what items have had the biggest price increases?

The following is a list of items with the biggest price increases according the the U.S. Bureau of Labor Statistics. These are the ones with a price boost of greater than 20%. year-over-year.

Fuel oil 43.6%
Gasoline, unleaded regular 38.7%
Gasoline, unleaded midgrade 35.6%
Gasoline, unleaded premium 33.3%
Other motor fuels 40.5%
Utility (piped) gas service 23.8%
Used cars and trucks 41.2%
Lodging away from home 25.1%
Other lodging away including hotels and motels 29%
Car and truck rental 24.3%
Admission to sporting events 20.9%
Private transportation 22.1%
New and used motor vehicles 23.5%

You will notice that average prices of used cars and trucks is up an incredible 41.2%. Admission to sporting events was up “only” 20.9%.

Hang on. These increases are only the beginning.

By the way, the picture shown with this article is way out of date. It is from four months ago. Prices in California are much higher now.