What is causing inflation: The factors driving prices high each month

8/9/22
 
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from The Washington Post,
7/26/22:

Over the past 18 months, Americans have faced ongoing waves of steep price hikes as inflation hit 40-year highs. It started with used and then new cars, later whole chickens and ground beef. Now it’s gas at the pump or an affordable two-bedroom apartment in Nashville. The forces fueling inflation keep changing.

At the start, inflation could be dodged by holding onto that old car or avoiding air travel. Now, record prices are concentrated on essentials such as groceries, housing and energy, raising the cost of just getting by for many.

Here is a breakdown of what has fueled inflation each month since the start of last year.

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