- Consumer prices are up 9.1% YoY, largest increase in 40 years [1]
- Prices of food at home rose 12.0 percent over the last 12 months [2]
Everything has gotten more expensive. Have your wages been adjusted to compensate for the rate of inflation over the last 12 months?
[1] https://www.bls.gov/opub/ted/2022/consumer-prices-up-9-1-percent-over-the-year-ended-june-2022-largest-increase-in-40-years.htm
[2] https://www.bls.gov/opub/ted/2022/consumer-price-index-up-7-1-percent-over-the-year-ended-november-2022.htm
Notably, prices of food items I buy or notice have shot up way above the officially reported inflation numbers, sometimes 2x their previous prices.