Washington Post: “This is going to be a major issue this winter — heating homes. Fuel oil up 59%, Propane & firewood up 35%, Utility gas up

This is going to be a major issue this winter — heating homes.

Fuel oil up 59%
Propane & firewood up 35%
Utility gas up 28%

The US does have programs like LIHEAP to help low-income households pay bills, but will it be enough? t.co/rmPuGyFdtt

— Heather Long (@byHeatherLong) November 10, 2021

The big picture: US inflation hit 6.2% last month, the highest level since 1990.

Some prices like hotels, TVs, wash machines are starting to fall after pandemic spikes.

BUT rent, gas, utilities and food are rising — and unlikely to be short-lived. t.co/nK30WJf855

— Heather Long (@byHeatherLong) November 10, 2021

There's a reason Americans are noticing higher grocery bills. Pretty much every major protein is up sharply, along with other key items.

Steaks 24% (y/y)
Bacon 20%
Pork chops 16%
Eggs 12%
Fish 11%
Chicken 9%
Milk 6%
Coffee 6%
Food at home 5.4%
Flour 5%

— Heather Long (@byHeatherLong) November 10, 2021

h/t dr0id