This morning, the U.S. Bureau of Labor Statistics reported that consumer prices increased by 4.9%. Overall, the country saw gas prices increase by 3% and used car prices increased by 4.4%. And while there were drops in grocery prices, rental costs, airfares, and hotel prices, it still costs a pretty penny to buy various goods.
Prices aren’t just high in the United States, they’re going up all over the world.
Here is how the CPI is around some of the world’s biggest economies:
United Kingdom
The Office for National Statistics puts the United Kingdom’s CPI at 10.1% for March, down from 10.4% in February with consumers spending higher prices on housing, water, electricity, gas and other fuels.
Across the UK, private rental prices increased by 4.9%, and around 36% of adults surveyed by ONS reported difficulty in affording their rent or mortgage payments.
Canada
Canada’s March CPI rate is at 4.3%, down from 5.2% in February, according to Statistics Canada. In March, Canadians saw their grocery prices increase at a slower pace stemming from lower prices for fresh fruits and vegetables like grapes, oranges, cucumbers and celery.
And while gasoline prices fell, mortgage interest costs grew at a faster rate as people renewed or initiated mortgages at higher interest rates.
India
According to the Indian government’s Ministry of Statistics and Programme Implementation, the March consumer price index rate was at 5.66% and came down from February when it was at 6.44%.
Consumers paid more money for milk, fruits and vegetables, clothing, footwear, and education.
China
China’s CPI for March was at 0.7%, according to the National Bureau of Statistics of China.
The country’s citizens saw a 2.4% increase in food prices, with fresh fruit prices increasing by 11.5% and fresh vegetables decreasing by 11.1%. Egg prices shot up by 7.8% and pork prices were up by 9.6%.
Japan
According Japan’s Ministry of Internal Affairs and Communications, the country’s CPI was at 3.2%.
According to Reuters, government subsidies kept utility bills down, but prices for food like fried chicken increased by 12%, and laundry detergent by 18%.
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