BUSINESSCBS NEWS
Summer kicks off with gas and grocery prices both up
Americans are paying 20% more for food than four years ago, with inflation rising nearly 1% this month driven by higher gas prices. The increase in grocery and fuel costs marks a challenging start to summer for consumers.
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Adjacent reporting
- Americans grappling with higher gas prices as summer kicks off
- US grocery prices rose in April, but gas spikes weren’t the only reason
- Inflation is getting worse, Americans are feeling the impact
- US Inflation Driven Higher in April by Gasoline, Food
- Highest gas prices in years expected to continue rising this summer
- Americans are paying $2 billion more for gas this Memorial Day weekend than they did last year