Tomatoes, Toys, and TVs: Inflation runs hot in April

Is it surprising that inflation is running hot? Not to anybody who has been paying attention.

In April, according to the Bureau of Labor Statistics (BLS), the U.S. annual inflation hit 4.2 percent, coming in higher than the market forecast of 3.6 percent. This is also up from 2.6 percent in March.

So, what are you paying more for today than you were the same time a year ago?

Here is a list of some of the biggest gains at the supermarket:

• Ham: +4.3%
• Bacon: +2.9%
• Pork: +2.6%
• Bread: +2.6%
• Oranges: +2.5%
• Tomatoes: +2.3%
• Milk: +2.1%
• Instant Coffee: +2.0%
• Bananas: +1.4%
• Poultry: +1.1%

Here are some of the more notable increases for non-food items in the U.S. marketplace:

• Car and Truck Rentals: +16.2%
• Computers: +5.1%
• Televisions: +3.1%
• Toys: +2.7%
• Furniture: +2.1%

Could the inflation hit five percent in May? The next report will certainly capture everyone’s attention.