How Much Do Eggs, Bacon and Other Goods Cost at the End of 2022 Compared to 2021?

Woman Checking Shopping Bills at the Supermarket stock photo
sefa ozel / iStock.com

As of October, the annual inflation rate in the U.S. had reached 7.7%. But the price of some goods and services have surged beyond that — the cost of energy has increased 17.6% over the past year, while the cost of food has increased 10.9%. So if you’ve felt like things are significantly more expensive this year, it’s because they really are.

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Here’s a look at how the cost of some popular consumer goods compares to 2021.

Bacon

  • Median cost in October 2021: $7.32 per pound
  • Median cost in October 2022: $7.61 per pound
  • Percent change: 4.0%

Bananas

  • Median cost in October 2021: $0.60 per pound
  • Median cost in October 2022: $0.63 per pound
  • Percent change: 5.0%

Bread

  • Median cost in October 2021: $1.53 per pound
  • Median cost in October 2022: $1.81 per pound
  • Percent change: 18.3%
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Chicken

  • Median cost in October 2021: $1.52 per pound
  • Median cost in October 2022: $1.86 per pound
  • Percent change: 22.4%

Coffee

  • Median cost in October 2021: $4.80 per pound
  • Median cost in October 2022: $6.41 per pound
  • Percent change: 33.5%

Eggs

  • Median cost in October 2021: $1.82 per dozen
  • Median cost in October 2022: $3.42 per dozen
  • Percent change: 87.9%

Electricity

  • Median cost in October 2021: $0.14 per KWH
  • Median cost in October 2022: $0.17 per KWH
  • Percent change: 21.4%

Flour

  • Median cost in October 2021: $0.40 per pound
  • Median cost in October 2022: $0.56 per pound
  • Percent change: 40.0%

Gasoline

  • Median cost in October 2021: $3.39 per gallon
  • Median cost in October 2022: $4.02 per gallon
  • Percent change: 18.6%

Milk

  • Median cost in October 2021: $3.66 per gallon
  • Median cost in October 2022: $4.18 per gallon
  • Percent change: 14.2%

Oranges

  • Median cost in October 2021: $1.49 per pound
  • Median cost in October 2022: $1.73 per pound
  • Percent change: 16.1%

Rice

  • Median cost in October 2021: $0.79 per pound
  • Median cost in October 2022: $0.96 per pound
  • Percent change: 21.5%

Tomatoes

  • Median cost in October 2021: $1.89 per pound
  • Median cost in October 2022: $1.97 per pound
  • Percent change: 4.2%

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About the Author

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 
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