the difficulties of reopening an economy that has been shut down supply chain bottlenecks driving up costs as well as higher wages due to lack of labor. new numbers released tuesday layout the soaring cost of airline tickets, energy, food, clothing, and prices at the pump. gasoline jumped 45% from 12 months ago. i think it s highway robbery. prices are ridiculous right now. used car and truck prices now up 45% this year and a 10% higher than last month. that grocery lists will cost you more as well. 2.4% more from last year, with some stores stockpiling food or even turning to shrink inflation, a term coined forward shrinking the size of a product but charging the same amount. like selling a family size box of cereal and a slightly smaller box. meanwhile, other stores and chains urge their customers to
consumer prices were 5.4% higher last month than a year ago. that s actually the biggest increase in 13 years. one eye-popping number? used car and truck prices shot up 10.5% just in june. that s the highest one-month jump on record. and we should say it s not just vehicle prices americans desperate for a vacation are finding the cost of getting away is going through the roof. i ve heard it from friends. here s cbs jamie yuccas. reporter: and you designed this? yes, i did. reporter: jade towery runs her own airbnb and says her bookings are finally resurging, a result of high demand and low supply across the industry. i heard it from my guests. yeah, it was hard to find places, it s not enough out there. reporter: meanwhile, hotel rooms are returning to pre- pandemic pricing, up 36% on average. in terms of people trying to get deals on hotel rooms is that even possible right now? not anymore. you should have taken advantage last year.n
companies are still recovering from pandemic-related shortages at the same time many americans are flush with stimulus cash. people are going out and they re buying things and they re revving up the economy. reporter: but they re running up prices. but this until supply catches up to demand. reporter: with travelers suddenly on the move again, gas prices are up 56%. airfare is up more than 24%, and huge demand for automobiles drove up used car and truck prices almost 30% from last year. those are scary numbers for people. rental cars up 100%. right? but then again, think about rental cars no one was renting cars this time last year. reporter: now, with the pandemic easing, people are back out spending all at once. normally, we re not all this coordinated. right? we don t all decide to go out and buy houses and furniture and take vacations at the exact same time like we re doing right now. so expect this to be about the worst numbers of year-over-year inflation that you r
Markets fall as US consumer prices see sharpest monthly climb since 2008 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.