Inflation rose by 7.9 percent in the year between February 2021 and February 2022, according to a recent estimate by the Department of Labor, marking a 40-year high as global supply chain woes combined with rising rent, food, and energy costs to drive a surge in prices. 

Energy prices increased the most, which rose by 25.6 percent. Food prices increased 7.9 percent. Average rental listings also increased approximately 14 percent nationwide, according to a report in the Washington Post.

Climbing demand due to changing pandemic conditions has contributed to much of the change. Click here to read the full story in the Fairfax Times.