Historic inflation across the United States has consistently generated headlines over the past several months, and understandably so. Year-over-year inflation has topped eight percent, the highest level reached in over 40 years.
But these numbers aren’t as straightforward as they are often made out to be. That overall eight percent inflation level doesn’t get distributed evenly across everything in the economy with a price tag. Some expenses may have increased by more or less than eight percent. Others may have increased by much more—while others may have barely moved.
