How unaffordable has the US become?
While US CPI inflation has risen by ~6.0% over the last 2 years, inflation in many necessities has been much higher.
Transportation services prices have skyrocketed by 18.5% since June 2022.
Shelter and services inflation have risen 13.5% and 11.0%, respectively, over the same period.
Water, sewer, trash collection, and electricity prices have spiked by ~10%.
Even food and beverages have seen an 8% increase since June 2022.
Affordability is still getting worse.
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