Things Got More Expensive In 2022 & Some Got Cheaper
(Photo by Joe Raedle/Getty Images)
Things got more expensive in 2022 and some got cheaper. U.S. consumers had some challenges to deal with this year, including battling decades-high inflation and gas prices that soared to $5 a gallon in June. While the prices of some items saw double-digit increases in 2022, some things actually got cheaper.
Here’s how prices changed last year as reported by CNN:
- The prices of apparel were up, but not by much. Clothing increased 3.6% and shoes were up 2.3%. Sporting goods saw a 2.7% increase and toys were up just 0.6%.
- Plane tickets and gas got a lot more expensive in 2022. Plane ticket prices soared 36% for the year after falling to an all-time low in 2020. Driving was a cheaper option, but not by much as gas prices were up 10.1% for the year.
- If you’ve been to the grocery store this year, you probably noticed that food was a lot more expensive, as prices were up 10.6%. Some specific items got even pricier, including eggs that shot up 49.1% thanks to a supply shortage caused by avian flu, as well as high demand. Margarine was 47.4% more expensive, while butter was up 27% after global milk supply issues.
- Electronics were some of the items that got cheaper in 2022. Smartphone prices went down by 23.4%, TV prices dropped 17% and computers fell 4.4% in price. The price of major appliances also fell, but only by 1%.
Steve Maney’s radio career has taken him all over the US, from interning with Howard Stern to working with Elvis Duran, this radio veteran now calls Charlotte and Kiss 95.1 home. He is Kiss’ staple entertainment guy writing about his thoughts on local news and funny topics like the name of the male Karen. It’s so much to know, but Maney will deep dive into any topic to get you a great piece to read.
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