Inflation is once again becoming a potential concern in the U.S., according to some economists. This is due in part to accelerated job growth, new stimulus packages, and the rising price of fuel. There is a worry, additionally, that interest rates will increase, which could make daily life more expensive, curtail spending, and slow the housing market. (These are the states where home prices went up the most in the last 12 months.)
However, for the time being, these problems seem well into the future. A more immediate concern is the soaring prices of certain everyday items. The prices of some of these have soared, largely due to COVID-19 and resulting economic fallout. The cost of things like groceries, fuel, vehicles, and appliances, among other things, have increased by more than 10% over the past year.
To determine the household items and other products people use regularly for which prices are soaring, 24/7 Wall St. reviewed the U.S. Bureau of Labor Statistics, to find the items with the largest percentage price increase since July 2020. Some miscellaneous and overlapping items were excluded.
Click here to see the price of this household item that is soaring
50. Fats and oils including peanut butter
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.6%
[in-text-ad]
49. Men’s pants and shorts
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.6%
48. Cigarettes
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.6%
47. Food from vending machines and mobile vendors
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.7%
[in-text-ad-2]
46. Airline fares
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.7%
45. Uncooked ground beef
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.9%
[in-text-ad]
44. Tires
> Pct. price increase, Aug. 2020 – Aug. 2021: 6.9%
24/7 Wall St.
43. Sports equipment
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.1%
42. Chicken
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.2%
[in-text-ad-2]
41. Miscellaneous personal goods
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.5%
40. Major appliances
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.6%
[in-text-ad]
39. New vehicles
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.6%
38. Sporting goods
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.6%
37. Bedroom furniture
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.7%
[in-text-ad-2]
36. Sports vehicles including bicycles
> Pct. price increase, Aug. 2020 – Aug. 2021: 7.8%
35. Meats, poultry, fish, and eggs
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.0%
[in-text-ad]
34. Pork chops
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.3%
33. Care of invalids and elderly at home
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.4%
32. Public transportation
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.4%
[in-text-ad-2]
31. Land-line telephone services
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.4%
30. Meats
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.6%
[in-text-ad]
29. Salad dressing
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.7%
28. Delivery services
> Pct. price increase, Aug. 2020 – Aug. 2021: 8.9%
27. Window coverings
> Pct. price increase, Aug. 2020 – Aug. 2021: 9.2%
[in-text-ad-2]
26. Furniture and bedding
> Pct. price increase, Aug. 2020 – Aug. 2021: 9.5%
25. Pork
> Pct. price increase, Aug. 2020 – Aug. 2021: 9.8%
[in-text-ad]
24. Eggs
> Pct. price increase, Aug. 2020 – Aug. 2021: 9.9%
23. Fresh fish and seafood
> Pct. price increase, Aug. 2020 – Aug. 2021: 10.6%
22. Jewelry and watches
> Pct. price increase, Aug. 2020 – Aug. 2021: 10.7%
[in-text-ad-2]
21. Intracity transportation
> Pct. price increase, Aug. 2020 – Aug. 2021: 10.9%
20. Other pork including roasts, steaks, and ribs
> Pct. price increase, Aug. 2020 – Aug. 2021: 11.3%
[in-text-ad]
19. Women’s dresses
> Pct. price increase, Aug. 2020 – Aug. 2021: 11.9%
18. Living room, kitchen, and dining room furniture
> Pct. price increase, Aug. 2020 – Aug. 2021: 12.0%
17. Beef and veal
> Pct. price increase, Aug. 2020 – Aug. 2021: 12.2%
[in-text-ad-2]
16. Bacon, breakfast sausage, and related products
> Pct. price increase, Aug. 2020 – Aug. 2021: 12.4%
15. Moving, storage, freight expense
> Pct. price increase, Aug. 2020 – Aug. 2021: 12.4%
[in-text-ad]
14. Jewelry
> Pct. price increase, Aug. 2020 – Aug. 2021: 12.9%
24/7 Wall St.
13. Uncooked beef roasts
> Pct. price increase, Aug. 2020 – Aug. 2021: 13.1%
12. Televisions
> Pct. price increase, Aug. 2020 – Aug. 2021: 13.3%
[in-text-ad-2]
11. Uncooked other beef and veal
> Pct. price increase, Aug. 2020 – Aug. 2021: 14.1%
10. Uncooked beef steaks
> Pct. price increase, Aug. 2020 – Aug. 2021: 16.6%
[in-text-ad]
9. Bacon and related products
> Pct. price increase, Aug. 2020 – Aug. 2021: 17.0%
8. Other lodging away from home including hotels and motels
> Pct. price increase, Aug. 2020 – Aug. 2021: 19.6%
7. Utility (piped) gas service
> Pct. price increase, Aug. 2020 – Aug. 2021: 21.1%
[in-text-ad-2]
6. Propane, kerosene, and firewood
> Pct. price increase, Aug. 2020 – Aug. 2021: 22.6%
5. Used cars and trucks
> Pct. price increase, Aug. 2020 – Aug. 2021: 31.9%
[in-text-ad]
4. Energy commodities
> Pct. price increase, Aug. 2020 – Aug. 2021: 41.9%
24/7 Wall St.
3. Motor fuel
> Pct. price increase, Aug. 2020 – Aug. 2021: 42.5%
2. Gasoline (all types)
> Pct. price increase, Aug. 2020 – Aug. 2021: 42.7%
[in-text-ad-2]
1. Car and truck rental
> Pct. price increase, Aug. 2020 – Aug. 2021: 52.6%
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
