There are several categories that are contributing to the rise in price in the U.S.
Cars:
The average cost of a new car is up 12%from last year in the U.S. Low stock and high demand are pushing prices of used cars even higher than when they were new a year ago.
Car Rentals:
The price to rent a car is up 86% from this time last year, and more than 140% higher than in 2019. Many rental car companies sold off inventory during the pandemic to stay in business, but now there aren’t enough cars to satisfy demand.
Food:
The cost of foods like meat, eggs, and fish, shot up around 2.5% last month. Overall grocery prices are on the rise.
Entertainment:
Weddings, vacations, and travel are all seeing a surge in demand as covid-related restrictions ease or drop completely around the U.S., leading to an increase in prices.
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