How Soaring Inflation Forces Stark Choices

Baby and woman sitting on the porch
Baby and woman sitting on the porch

Originally written by Scott Horsley with NPR

From rising rent to higher heating bills, surging inflation impacts everybody, but it poses a particular hardship for people with little extra money to spare.

The Labor Department reported that consumer prices in March were 8.5% higher than a year ago — the sharpest increase since December of 1981.

While no one likes paying more for haircuts or hamburgers, high inflation is especially painful for low-income families, whose spending is heavily weighted toward necessities such as gasoline and groceries, which have seen some of the largest price hikes.

Read the full article on NPR: https://www.npr.org/2022/04/12/1092134413/inflation-food-prices-gasoline-gas-interest-rates?utm_source=facebook&utm_medium=news_tab

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