Everyday buys are getting more expensive in Boston
The latest Boston area pricing data confirm what our shrinking bank account balances show: Housing, food and energy costs are still too damn high.
By the numbers: The inflation rate for everyday expenses jumped 7.5% between May 2021 and May 2022, according to the Consumer Price Index for All Urban Consumers (CPI-U) — the highest annual increase since November 1981.
- The U.S. Bureau of Labor Statistics attributes this historic rise in part to growing housing and motor vehicle costs.
Zoom in: Food prices also played a major role, rising 8.7% over the 12-month period — also the largest jump since 1981.
- The cost of food at home rose 9.2%, and the cost of eating out rose 7.6%.
Steph's thought bubble: Even Two Buck Chuck is long gone in this economy (H/T Gal Tziperman Lotan).
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