The holidays can be a stressful time; cooking, cleaning, decorating, in-laws and holiday shopping are enough to occasionally bring out the Grinch in anyone, and now families across the U.S. have an added worry - the highest inflation in 30 years.
According to the United States Bureau of Labor Statistics (BLS), inflation has reached its highest point since the onset of the 1990s. Across the U.S., the inflation rate was 6.2% in October, meaning things were 6.2% more expensive than October of 2020. Inflation data for the Tampa Bay area is only available through September and is slightly below the national average at 6.1%. This means average folks will have to dig a little deeper for the things they need the most this time of year: food, gas, electricity and Christmas presents.