Here's where prices rose and fell the most over last year
By Mychael Schnell - 02/10/22 03:06 PM EST
Inflation is continuing its steady rise in the U.S., creating political problems for President Biden and frustrations for families at the cash register.
Consumer prices increased by 7.5 percent annually in the year ending last month, marking the fastest rate since February 1982.
The U.S. has observed elevated levels of inflation since the middle of last year as the country recovers from the COVID-19 pandemic — a steep increase in demand coinciding with low supply, labor shortages, shipping bottlenecks and other pandemic-related complications.
Here's a look at where prices have gone up or down over the last year, according to the Labor Department’s latest report.
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https://thehill.com/policy/finance/593704-heres-where-prices-rose-and-fell-the-most-over-last-year