Where are high prices hitting American families the hardest?
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Inflation rose faster than expected in March as the cost of rent and gasoline increased. The consumer price index (CPI) rose 0.4% in March from the previous month and climbed 3.5% from the same time last year. Housing costs, particularly rent, were one of the biggest drivers of inflation, with rent costs rising 0.5% for the month and up 5.7% from the same time last year. Food prices also contributed to inflation, with the cost of food rising 0.1% in March and remaining up 2.2% from the same time last year. Grocery prices are up a stunning 21% compared to January 2021. Gasoline prices rose 1.1% in March, with the average cost of a gallon of gas hitting $3.61. The cost of used vehicles fell 1.1% last month, while new car and truck prices declined 0.2%. Auto insurance jumped 2.6% in March and is up 22.2% on an annual basis. Ticket prices fell 0.4% in March, down about 7.1% compared to last year.
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https://www.foxbusiness.com/economy/where-are-high-prices-hitting-american-families-hardest