USA: How inflation changed the price of a burger

With annual inflation at 7,5% in the eurozone and 8,3% in the US in April, everyday goods and products are becoming more and more expensive for consumers.

As can be seen from the Statista data, food prices in particular have risen significantly, as shown by the example with the ingredients of a hamburger.

There have been some of the biggest increases in meat: Beef minced meat now costs almost 15% more than in April 2021, while bacon is 17,7% more expensive than a year ago.

On the other hand, the price of tomatoes increased by only 0,4% in one year, indicating that some products were less affected by inflation.

Fresh vegetables saw a 6,2% increase in price and overall as a category were affected by inflation less than any other food category.

The energy sector, which is also the most volatile in the Consumer Price Index along with food - has further increased prices as a whole. With inadequate supplies due to the war in Ukraine and sanctions on Russia, energy costs have risen by 30,3% since April 2021. This increase is independent of the effect on the base, as energy prices have already reached pre-pandemic levels a year ago.

Inflation had already started to rise in 2021 after the coronavirus lockdowns that continued to affect the global supply chain. It increased even more with the war and as a result reached a wide range of products. For example, while the price of used cars and trucks had already skyrocketed in 2021, new vehicles were 13% more expensive than a year earlier.

Given the high price of gasoline and cars, inflation indirectly encourages the use of public transport. This category was 2,7% more accurate in one year.

Source: Statista, newmoney.gr