--- title: Inflation Just Hit a 30-Year High, and Prices for These Goods Are Rising the Fastest description: The consumer-price index jumped 6.2% from a year earlier, the largest 12-month increase since November 1990. authors: - name: Mallika Mitra role: Contributing Editor url: https://money.com/author/mallika-mitra/ bio: Mallika Mitra is a contributing editor for Money, based in Chicago. She has covered investing and retirement for seven years and her work has appeared in CNBC, Bloomberg, Kiplinger, AARP, Barron’s, Bankrate, The Daily Upside, ETF.com, The Bond Buyer, PLANADVISER, PLANSPONSOR and Investopedia. education: Craig Newmark Graduate School of Journalism at CUNY Kalamazoo College at_money_since: 2020 articles: 395 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - CNBC - Bloomberg - Kiplinger - Barron's - Bankrate - WGN-TV - CBS News Radio - This Morning With Gordon Deal - Everyone's Talkin' Money social: - https://twitter.com/mitra_mallika - https://www.linkedin.com/in/mallika-mitra-4577a386/ published: '2021-11-10T16:12:22.000Z' modified: '2024-01-10T16:58:23.000Z' section: Economy and Politics tags: - holiday shopping - inflation - News - Shopping - supply chain word_count: 295 canonical: https://money.com/inflation-prices-2021/ type: NewsArticle source: structured-blocks --- > **Disclosure:** Money may earn a commission when you click on the products and services below. Opinions are our own, but compensation and in-depth research determine where and how they appear. [Learn more](https://money.com/page/disclaimer/) about how we make money. ![Woman at grocery store scanning products at the checkout counter](https://img.money.com/2021/11/News-2021-Inflation-All-Time-High.jpg) U.S. inflation hit a 30-year high in October. The consumer-price index, a measure of the price of goods and services from groceries to cars, jumped 6.2% from a year earlier, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday. It's the largest 12-month increase of consumer goods since November 1990, the agency says. This won't come as a surprise if you've hit the mall recently. The price of everything from [popular snacks](https://money.com/food-prices-inflation-snacks-oreos/) to [new couches](https://money.com/pandemic-shortages-us/) is rising, going into the holiday season, shoppers are paying more for [toys, Christmas trees and more](https://money.com/holiday-shortages-toys-turkey-wine/) this year. Inflation has been rising for months, thanks in part to a [global supply chain disaster](https://money.com/holiday-shortages-toys-turkey-wine/) that has caused shortages and price increases going into the holiday season. Businesses are also facing a [labor shortage](https://money.com/seasonal-jobs-no-interview/) that has pushed them to pass on costs to consumers. Month-to-month, prices increased 0.9% in October, after ticking up 0.4% in September. A few goods stand out as major contributors to that jump, BLS reports. Energy prices rose 4.8% and gasoline, 6.1%. Fuel oil prices soared 12.3% in October. Meanwhile, food prices jumped 0.9%. Used vehicle prices rose 2.5% for the month (26.4% for the year) and new vehicles 1.4% in October — its seventh consecutive monthly increase — and 9.8% for the year, the largest 12-month increase since May 1975, according to the Bureau. “When costs go up, inevitably they get passed on to consumers,” Alla Valente, a senior analyst at the research firm Forrester, [previously told Money](https://money.com/back-to-school-shopping-2021-shortages-higher-prices/). [As Prices Spike, Here's Why You Need to Calculate Your 'Personal Inflation Rate'](https://money.com/rising-prices-personal-inflation-rate/) [From Oreos to Sour Patch Kids, a Bunch of Your Favorite Snacks Are Getting More Expensive](https://money.com/food-prices-inflation-snacks-oreos/) [Holiday Shortages! Toys, Turkeys, Christmas Trees and (Gulp) Wine Could All Be Hard to Come by](https://money.com/holiday-shortages-toys-turkey-wine/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/inflation-prices-2021/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Inflation", "item": "https://money.com/inflation/" }, { "@type": "ListItem", "position": 4, "name": "Inflation Just Hit a 30-Year High, and Prices for These Goods Are Rising the Fastest" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/inflation-prices-2021/#webpage", "url": "https://money.com/inflation-prices-2021/", "name": "Inflation Just Hit a 30-Year High, and Prices for These Goods Are Rising the Fastest", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2021-11-10T16:12:22.000Z", "mainEntity": { "@id": "https://money.com/inflation-prices-2021/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/inflation-prices-2021/#breadcrumb" }, "dateModified": "2024-01-10T16:58:23.000Z" }, { "@type": "NewsArticle", "headline": "Inflation Just Hit a 30-Year High, and Prices for These Goods Are Rising the Fastest", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2021/11/News-2021-Inflation-All-Time-High.jpg", "width": 2435, "height": 1623, "caption": "News-2021-Inflation-All-Time-High" } ], "author": [ { "@type": "Person", "name": "Mallika Mitra", "url": "https://money.com/author/mallika-mitra/", "@id": "https://money.com/author/mallika-mitra/#author", "description": "Mallika Mitra is a contributing editor for Money, based in Chicago. 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