Fuel and electricity are among the areas where inflation has been the biggest pain for Americans.
by Wayne Duggan
US News
For more than three years, readings from the U.S. consumer price index, or CPI, have been well above the Federal Reserve’s long-term inflation target of 2%. Americans have likely noticed prices surging for goods and services ranging from groceries to insurance to housing to transportation. Unfortunately, inflation has hit certain industries and commodities harder than others.
The U.S. Labor Department breaks down the monthly CPI reading into several subcategories. Here’s a look at the five subcategories that have averaged the highest annual inflation rates over the past three years and some public companies that have been impacted by rising prices.