Ten items whose prices have jumped the most in the past 10 years
Jun 6, 2013
Gasoline expenditures for the average household in 2012 reached $2,912, or just under 4 percent of income, according to the Energy Information Administration. That was the highest estimated percentage spent on gas in nearly three decades, except for 2008. Other items and services tracked by the Bureau of Labor Statistics’ Consumer Price Index have seen steep price increases over the past decade, as well. David Parsley, E. Bronson Ingram Professor of Economics and Finance, is quoted.