There’s no denying that prices are going up at a record rate.
The Bureau of Labor Statistics reports that the consumer price index rose 6.2% since just last October. In the Midwest, the index rose 6.6%, according to data.
According to the bureau, some items, such as fruits and vegetables, rent and alcohol, rose between 2 to 3% in the past year. Other items are much more expensive.
Here are the five categories of goods that have gone up the most nationally in the past year, according to the bureau.
1. Fuel and energy
It doesn’t take an economist to figure out that gas prices have gone gone. All it takes is a trip to your local gas states. Gasoline is up 49.6% from last October, utility gas is up 28.1% and energy, for all categories, is up 30%.
2. Cars and trucks
Whether you’re buying a new or used vehicle, it’s going to cost you. Used cars and trucks are up 26.4% from last year. New vehicle prices are up 9.8%.
3. Motor vehicle insurance
Motor vehicle insurance is 6.3% more costly than last year.
4. Meats, poultry, fish and eggs
The price of food is going up, especially meats, poultry, fish and eggs, which are all 11.9% more costly than last year.
5. Tobacco and smoking products
Tobacco and smoking products are 8.5% more expensive than last year at this time, according to the consumer price index.