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Industries most affected by inflation
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Nearly every segment of the economy is experiencing rapid price increases at rates not seen in decades. Ongoing issues in the supply chain related to the COVID-19 pandemic have made it more difficult to manufacture, store, and ship goods; demand in the economy has been high; a tight labor market has pushed businesses to raise wages for workers in many industries; and the federal government pursued aggressive stimulus to support the economy during the pandemic. To determine the industries most affected by inflation, researchers calculated the one-year change in prices from March 2021 to March 2022 and ranked industries accordingly.
Industries Most Affected by Inflation
Inflation has hit its highest levels in years
Energy and transportation costs have skyrocketed this year
15. Fabricated metal product manufacturing
14. Accommodation
13. Transportation support activities
12. Plastics and rubber products manufacturing
11. Mining (except oil & gas)
10. Building material and garden equipment and supply dealers
9. Air transportation
8. Wood product manufacturing
7. Truck transportation
6. Motor vehicle and parts dealers
5. Furniture and home furnishings stores
4. Gasoline stations
3. Primary metal manufacturing
2. Petroleum and coal products manufacturing
1. Oil and gas extraction
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