If you thought an omelet for breakfast was a good low cost option, you’d be right, but last year you would have saved 7% more. This very readable graphic by Nathan Yau of FlowingData.com, lays out the sobering fact that in just one year the people of the U.S. are paying on average 2.7% more for goods and services.
Based on data from the Bureau of Labor Statistics, this graphic shows that while a few items have dropped (now would be a great time to buy a new computer or clothes for the baby), most items, including those most frequently purchased, are more expensive than this time last year… gasoline leading them all.
One missed item in the graphic? The high price of hidden inflation: Fluffy’s dog food may be the same price this year but that 40lb bag is now only 35lbs.