If you’ve been feeling a pinch in your wallet in 2022, you’re not alone. After years of negligible inflation, readings reached the highest levels in 40 years by the summer of 2022. Part of the reason that consumer prices have risen so much is that certain businesses have been greatly affected by inflation as well.
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These businesses, in turn, have been forced to pass these costs along to their customers — both other businesses and individual consumers alike. Generally speaking, durable goods businesses have been among the companies most affected by inflation, as supply chain issues and component shortages have made prices skyrocket. But commodity-based businesses have also borne the brunt of rising prices in 2022.
To determine which businesses have suffered the most from rising prices in 2022, GOBankingRates used data from the Bureau of Labor Statistics Price Index, as analyzed by Self Financial. The one-year change in prices from March 2021 to March 2022 was used to calculate the industries that have been hit the hardest by inflation. Businesses are ranked in reverse order, with the greatest one-year percentage change listed last.
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