Across the nation, Americans are experiencing sticker shock — just in time for holiday shopping.
Consumer prices are surging, with October seeing a 6.2% jump from last year, the most since December 1990, according to the Labor Department.
People are paying more for furniture and cars, as well as in the grocery store
. Meats, poultry fish and eggs increased 11.9% over the past 12 months. Gas is up almost 50% from last year.
The Federal Reserve has said the inflation is temporary and related to Covid pandemic supply issues. Yet people are worried about the impact on their wallets and their investments.