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Everything You Need To Know About Inflation And More

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Americans have been paying a lot more for everyday items, like food, in the past year (Credit: Th78blue/ CC BY-SA 4/0/ Wikimedia Commons)

You may have heard your parents complain about the rising costs of everything from groceries to gas, clothes, electronics, and even cars. They are not wrong. From March 2021 to March 2022, consumer prices for food rose by 8.8 percent, while energy costs went up 32 percent. The rate of increase in prices over a given period of time is called inflation.