Inflation is once again becoming a potential concern, according to some economists. This is due in part to accelerated job growth, new stimulus packages, and the rising price of fuel. Another reason is the soaring prices of certain products. There is a worry that interest rates will rise, which could curtail spending and slow the housing market. However, for the time being, those problems seem well into the future.
The prices of some items that Americans buy regularly have soared, largely due to COVID-19 and resulting economic fallout. The prices of some standard purchases by American consumers like grocery items, fuel, vehicles, appliances, and more have increased by more than 10% over the past year.
To determine the household items for which prices are soaring, 24/7 Wall St. reviewed consumer price index data for March 2021, released by the U.S. Bureau of Labor Statistics, to find the items with the largest percentage price increase since March 2020. Some miscellaneous and overlapping items were excluded.
Click here to see the price of which household item is soaring.
30. Ship fare
> Pct. price increase, Mar. 2020 – Mar. 2021 6.0%
[in-text-ad]
29. Fees for lessons or instructions
> Pct. price increase, Mar. 2020 – Mar. 2021 6.0%
28. Tobacco and smoking products
> Pct. price increase, Mar. 2020 – Mar. 2021 6.3%
27. Limited service meals and snacks
> Pct. price increase, Mar. 2020 – Mar. 2021 6.5%
[in-text-ad-2]
26. Uncooked beef steaks
> Pct. price increase, Mar. 2020 – Mar. 2021 6.5%
25. Cigarettes
> Pct. price increase, Mar. 2020 – Mar. 2021 6.5%
[in-text-ad]
24. Dried beans, peas, and lentils
> Pct. price increase, Mar. 2020 – Mar. 2021 6.5%
24/7 Wall St.
23. Jewelry and watches
> Pct. price increase, Mar. 2020 – Mar. 2021 6.7%
22. Domestic services
> Pct. price increase, Mar. 2020 – Mar. 2021 6.8%
[in-text-ad-2]
21. Frankfurters
> Pct. price increase, Mar. 2020 – Mar. 2021 6.8%
20. Shelf stable fish and seafood
> Pct. price increase, Mar. 2020 – Mar. 2021 7.1%
[in-text-ad]
19. Beef and veal
> Pct. price increase, Mar. 2020 – Mar. 2021 7.1%
24/7 Wall St.
18. Apples
> Pct. price increase, Mar. 2020 – Mar. 2021 7.4%
17. Jewelry
> Pct. price increase, Mar. 2020 – Mar. 2021 7.4%
[in-text-ad-2]
16. Indoor plants and flowers
> Pct. price increase, Mar. 2020 – Mar. 2021 7.6%
15. Household paper products
> Pct. price increase, Mar. 2020 – Mar. 2021 7.9%
[in-text-ad]
14. Appliances
> Pct. price increase, Mar. 2020 – Mar. 2021 7.9%
24/7 Wall St.
13. Oranges, including tangerines
> Pct. price increase, Mar. 2020 – Mar. 2021 8.0%
12. Bacon and related products
> Pct. price increase, Mar. 2020 – Mar. 2021 8.1%
[in-text-ad-2]
11. Uncooked other beef and veal
> Pct. price increase, Mar. 2020 – Mar. 2021 8.8%
10. Pork chops
> Pct. price increase, Mar. 2020 – Mar. 2021 9.4%
[in-text-ad]
9. Used cars and trucks
> Pct. price increase, Mar. 2020 – Mar. 2021 9.4%
8. Citrus fruits
> Pct. price increase, Mar. 2020 – Mar. 2021 9.8%
7. Utility (piped) gas service
> Pct. price increase, Mar. 2020 – Mar. 2021 9.8%
[in-text-ad-2]
6. Uncooked beef roasts
> Pct. price increase, Mar. 2020 – Mar. 2021 11.2%
5. Major appliances
> Pct. price increase, Mar. 2020 – Mar. 2021 14.5%
[in-text-ad]
4. Propane, kerosene, and firewood
> Pct. price increase, Mar. 2020 – Mar. 2021 15.9%
3. Gasoline (all types)
> Pct. price increase, Mar. 2020 – Mar. 2021 22.5%
2. Laundry equipment
> Pct. price increase, Mar. 2020 – Mar. 2021 24.2%
[in-text-ad-2]
1. Car and truck rental
> Pct. price increase, Mar. 2020 – Mar. 2021 31.2%
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
