The Inflation Draining Your Wallet, Grocery Cart, And Gas Tank Is Far Steeper Than 8 Percent
May 4, 2022
BY: ELLE REYNOLDS
The Labor Department’s March inflation numbers released this month skyrocketed past February’s, hitting a 12-month increase of 8.5 percent and the steepest annual increase since 1981. That’s no small figure, but most Americans know the inflation they encounter at the grocery store checkout, the gas pump, the car lot, and the leasing office is far higher than that.
Just look at basic items like groceries and gas, and you’ll see how much higher those necessities are climbing than the generic inflation figures slapped across headlines.
According to the Bureau of Labor...