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Holiday Inflation Cheer
The holidays are here. Time for good cheer and happy thoughts, even if candy canes and sugar plums cost 7.8 percent more this year than last.
That’s the 12-month inflation rate as of October 2022. The Consumer Price Index for all items shows prices 7.8 percent higher than in October 2021. This year has seen the highest inflation since the early 1980s.
How did that happen?
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By Purdue Agriculture
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The holidays are here. Time for good cheer and happy thoughts, even if candy canes and sugar plums cost 7.8 percent more this year than last.
That’s the 12-month inflation rate as of October 2022. The Consumer Price Index for all items shows prices 7.8 percent higher than in October 2021. This year has seen the highest inflation since the early 1980s.
How did that happen?