Inflation Cools Off, But Prices Are Still Hella High

The inflation rate for the United States is 8.3% for the 12 months ended April 2022 after rising to a historic of 8.5% previously, according to U.S. Labor Department data published May 11.

The numbers imply that inflation is showing signs of cooling off.

Households are feeling the squeeze of rising prices. 

Some price increases you may have experienced in last year:

Gas: +44%

Airline tickets: +33%

Used cars: +23%

Hotels: +23%

Suits: +22%

Bacon: +18%

Oranges: +17%

Tires: +16%

Furniture: +15%

Milk: +15%

Coffee: +14%

Deliveries: +14%

Bread: +14%

Baby food: +13%

Soup: +13%

Cereal: +12%

Eggs: +10%

Dry cleaning: +10%