Inflation is inching up again. In January, prices rose 0.5% from the prior month and 3% from one year prior. This marked the third consecutive month in which both the one-month and the annual inflation rates increased.
In fact, both those inflation rates are now higher than they have been in more than 1.5 years, according to the government’s latest Consumer Price Index data.
At the same time, inflation has come a long way since 2022, when the annual rate hit 9.1%.
Yet, despite the broader decline in overall inflation, some products and services just recorded their biggest price increases ever.
Here’s a look at the expenses that are soaring at a record pace in 2025, followed by the expenses that are simply soaring — including eggs.
Prescription drugs
Latest one-month price change: 2.5% increase (the largest month-over-month increase on record)
Latest 12-month price change: 4.5% increase (while this isn’t a record, it is the largest year-over-year increase since 2017)
Drug manufacturers tend to hike prices at the start of every year, and 2025 was no exception.
The median increase among prescription drugs that saw price hikes in January was about 4%, according to 46brooklyn Research, a nonprofit devoted to making U.S. drug pricing data more accessible. The largest list price hike last month — 15% — was for Nucynta, an opioid (narcotic) pain medication.
Parking and other fees
Latest one-month price change: 6.4% increase (the largest month-over-month increase on record)
Latest 12-month price change: 4.8% increase
This category includes parking fees and tolls.
Tolls increased in at least seven states in January, according to PrePass: New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Virginia and West Virginia. The largest of these hikes included a 15% increase by the Oklahoma Turnpike Authority (which uses PikePass) and a 5% increase by the Pennsylvania Turnpike Commission (E-ZPass).
Video and audio services
Latest one-month price change: 2.0% increase (the largest month-over-month increase on record)
Latest 12-month price change: 3.2% increase
This category includes cable, satellite and live streaming TV services as well as subscription video services like Netflix.
Incidentally, Netflix recently announced a price hike for customers in several countries. In the U.S., the price of its premium plan, for example, will rise from $22.99 to $24.99 per month. That’s about $300 a year.
Other skyrocketing prices
While the following items did not set new inflation records in January, they nonetheless saw the steepest price increases from December 2024 to January 2025:
- Eggs: One-month price increase of 15.2%
- Fuel: 6.2%
- Frozen noncarbonated juices and drinks: 5.3%
- Instant coffee: 4.4%
- Admission to sporting events: 4.3%
These purchases saw the steepest price increases between January 2024 and January 2025:
- Eggs: 12-month price increase of 53.0%
- Video discs and other media: 19.6%
- Motor vehicle insurance: 11.8%
- College textbooks: 10.7%
- Other condiments (a category that includes products like ketchup): 10.3%
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