All The Things Worst Hit By Inflation In 2022

It’s perhaps no secret that things got wildly out of control in 2022 when it came to the cost of several everyday items. Inflation was here and here to stay, with many feeling the effects on their bank accounts in ways we never imagined.

Still, plenty of things were hit harder than others throughout the year. All the things worst hit by inflation in 2022 show how much prices changed throughout the year and why we might have had to tighten the purse strings in areas we never expected. While the annual rate of inflation is still at 7.1%, it appears some things far outpaced the expected rate.

Travel and vehicle maintenance rose drastically throughout 2022

2022 wasn’t a year that many jumped on a train or plane, with many trying to save pennies by staying closer to home. Still, even driving saw a dramatic increase due to inflation throughout 2022. That’s because fuel costs rose faster than many of us have ever seen. Things started to creep up in January but hit new heights in March, May, and June, with the cost of gas rising more than 10% since the start of 2022. As if that wasn’t enough, repairing vehicles also shot up, with prices to repair a car rising as much as 21% from the start to the end of 2022. The real kick in the teeth? Car insurance was up as much as 17%, too. 

Food was one of the things worst hit by inflation in 2022

When taking a look at the cost of food, it can be tough to know where to begin. After all, certain product prices rose more in 2022, with a lack of supply and increased demand, meaning plenty were paying extraordinary fees for certain items. Overall, the average cost of food was up 12% throughout the year. Grocery bills were up as much as 14% by the time all items were added together, with the likes of margarine and butter - up by almost 41% - and eggs - up as much as 55% - acting as some of the worst offenders.

Delivery services rose 16% as companies were hammered by inflation

They might not be a necessity to plenty, but many have learned to lean on delivery services throughout the last couple of years and might not know how they ever coped without them. The problem? They were one of the things worst hit by inflation in 2022, with companies upping prices to keep up with the growing costs and wages. Restaurants and companies saw a rise of as much as 16% throughout the year, cutting into plenty of household budgets. 

Pets and household costs all rose in their own ways

Thousands of people invested in pets throughout the last couple of years to battle the loneliness that came with being stuck inside. The problem? The rising inflation means they are no longer a happy companion to many, with plenty of families finding they can be quite a financial burden. The cost of investing in a new pet rose over 15% throughout 2022, with pet food rising as much as 18%. That wasn’t all, with veterinary costs rising another 11%, meaning that all aspects of care for our four-legged friends have become worryingly expensive.

Taking a look at all the things worst hit by inflation in 2022 might not do anything to solve the issue, but it could be enough to see where so much of our money has been going for the last 12 months.