U.S. consumer prices rise 30-35% since 2016, everyday items now seen as luxuries

5 articles · Updated · Reader's Digest · Apr 27

According to the U.S. Bureau of Labor Statistics, prices for essentials like groceries, gas, housing, and utilities have surged, with fast food up 50% and utilities up 51% since 2016.
Inflation peaked near 9% in mid-2022, driven by factors such as the COVID-19 pandemic, supply chain disruptions, and global events like Russia’s invasion of Ukraine, straining household budgets nationwide.
Despite some easing, experts say most price increases are unlikely to reverse soon, leaving many Americans struggling as wages stagnate and formerly affordable items increasingly feel out of reach.

Global conflicts keep raising prices. How can U.S. businesses adapt without hurting consumers further?

While most Americans are struggling, is anyone secretly benefiting from this inflationary economy?

Fast food now feels like a luxury. What does this mean for the future of American dining habits?

Experts offer conflicting inflation forecasts. How can families plan for a future no one agrees on?

Worker productivity soared for decades while wages flatlined. Where did the missing money actually go?

With a 'housing caste system' emerging, is homeownership now a dream reserved only for the wealthy?