Inflation is hits another 40-year high. Older folks have seen worse : NPR
NPR
Jeanette Vecchio is 30, and everywhere she goes, she's feeling the pinch of something she hasn't experienced before in her life: high inflation.
The latest reminder came when she went to her favorite corner restaurant in Chicago where she loves the bread and butter.
"They're now charging for bread and butter," she says. "I was so devastated by it. But it's just another example of an increase across the board."
From restaurant meals to apartment rents, consumer prices have been climbing at the fastest pace in 40 years, meaning younger adults are witnessing the highest inflation of their lifetimes.
The Labor Department said Thursday that January prices were 7.5% higher than a year ago — the largest increase since 1982. Higher costs for food, shelter, and electricity were among the biggest drivers of inflation last month.