The price of these products rose fastest in the US in 2019

[Yo_Mama_Been_Loggin]

The Consumer Price Index (CPI) is the way the US government tracks just how much a dollar can buy. The government calculates this measure by doing a monthly check on the prices of thousands of products at local stores, and then averages the change in these prices. The resulting number is what is typically referred to as inflation. Overall inflation from January to November was 2.1% (data for December has not been released).

In addition to reporting overall inflation, the government also reports price levels for the product categories that go into that calculation. By looking at the price changes in these categories, we can get a sense of what is getting more or less expensive in US.

This year, the biggest price riser was gasoline. Regular unleaded gasoline went up by 11.1% from January to November. The average price of regular unleaded gas grew from $2.13 at the beginning of the year to close to $2.50 in November. Premium and midgrade also got a lot more expensive this year. The higher prices seem to be largely a result of a lack of refinery capacity in the US. Prices have fallen over the last few months after reaching a high in April.

Lettuce prices also rose quickly, but it is a product with unusually high price volatility. Lettuce only lasts for a very short period, and supply is dependent on good weather. Even within 2019, lettuce prices spiked, fell, and then spiked again.

https://www.msn.com/en-us/money/personalfinance/the-price-of-these-products-rose-fastest-in-the-us-in-2019/ar-BBYmydd?li=BBnb7Kz

[roamer65]

1. Since 1965, we have lost nearly 90 percent of our purchasing power.

That’s what all the wars since then have done to the country. All empires eventually debase their currencies to pay for their wars.

[PoindexterOglethorpe]

2. Interesting.

Since I own a fuel efficient car (Honda Fit) and don't drive very much (only fill the tiny gas tank about every three weeks when driving in town) gas prices don't affect me very much. And even things that are otherwise volatile in price, like lettuce, don't affect me very much as I simply don't buy that much lettuce.

Aside: Love my Fit. Traded a 2004 Honda Civic I'd had since 2007 a year ago. The small gas tank is a bit of a problem. While I get good mileage, I can't go quite as far as I'd been used to, and since there are several long drives I make regularly, I've had to adjust my gas stops. Which I've been able to do.

[katmondoo]

4. I love my Fit but the small gas tank can be a proplem. I can live with that small problem.

[avlbeerfan]

3. reply,

Its the federal reserves reckless printing of fiat money handed to the bankers. We need the fed audited to see where it’s going.
We are going to keep experiencing secret inflation in food prices as long as this is not regulated.