Prices Continue to Surge: Here’s What’s Becoming More Expensive

A customer shops for meat at a Safeway store in San Francisco on Oct. 4, 2021. Justin Sullivan/Getty Images

With inflation running hot in October, U.S. consumers paid slightly more for most goods and services than in the previous month, and far more than a year ago.

The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years.