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Prices Are Continuing to Surge: Here’s What’s Becoming the Most Expensive

Compared with just one month ago, consumers are paying slightly more for most goods and services. Compared with a year ago, however, they’re paying significantly more, according to Labor Department data released this week. The Labor Department reported that the consumer price index, a key inflation gauge that measures how much Americans pay for goods and services, rose about 0.4 percent in September. The year-over-year prices increased 5.4 percent, which some noted is the largest yearly increase since January 1991. The agency’s report (pdf), released Wednesday, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars: Gas: 42.1 percent Meats, poultry, fish, and eggs: 10.5 percent Propane, kerosene, and firewood: 27.6 percent Fuel oil: 42.6 percent Electricity: 5.2 percent Peanut butter: 6.2 percent Coffee: 4.0 percent Bacon and similar products: 19.3 percent Uncooked beef steaks: 22.1 percent Furniture: 11.2 percent …

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