Which Prices Jumped the Most in the Past 10 Years

By on

It takes $1.23 to buy today what $1 bought in 2003, according to the federal government.

If you think that’s bad, then you probably don’t want to hear which prices rose even more than that.

Yahoo compiled a list of items with the worst price hikes in the past decade. Here are some of them, along with the main reason for the jump:

  • Gasoline — 108 percent, because demand for crude oil has increased in emerging economies while production hasn’t.
  • College tuition — 88 percent, because state and local government spending on public colleges and universities has continuously dropped. It fell from 70.7 percent of schools’ revenue in 2000 to 57.1 percent in 2011, and tuition has spiked to help make up the difference.
  • Hospital services — 85 percent, because hospitals have been upgrading their technology and offering more costly services.
  • Beef — 64.8 percent, because of feed grain prices that have risen due to population growth, drought and ethanol policies.
  • Tax and accounting services — 51 percent, because of the increasing complexity of the tax code and tax software.

There are a lot of ways to fight extraordinary inflation: We have some tips in the video and links below.

What’s been the worst price hike in your experience, and what are you doing to save? Let us know on our Facebook page.

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Check out our hottest deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,314 more deals!

Comments & discussion

We welcome your opinions, but let’s keep it civil. Like many businesses, we reserve the right to refuse service to anyone. In our case, that means those who communicate by name-calling, racism, using words designed to hurt others or generally acting like an uninformed bully. Also, comments that include links to email addresses or commercial websites typically aren't posted. This isn't a place to advertise your business.