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Published: Jan 12, 2022 3 min read
Woman shopping for meat at the supermarket
Money; Getty Images

Consumer prices rose 7% over the past year — the highest inflation rate in nearly four decades. At the same time, though, certain everyday purchases like gas, pork, steak and tomatoes finally began to get cheaper last month.

New data released by the Bureau of Labor Statistics (BLS) shows that some categories saw particularly large spikes in December compared to a year earlier. Energy prices rose 29%, and prices for used cars and trucks rose 37% over a 12-month span, thanks to pandemic-induced shortages and supply chain snags.