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These 7 charts show how life got pricier (and, yes, cheaper!) in 2022

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People shop for bread at a supermarket in Monterey Park, California on October 19, 2022. Grocery prices were up 12.4% last month from a year earlier, a government report showed. FREDERIC J. BROWN/AFP via Getty Images hide caption

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FREDERIC J. BROWN/AFP via Getty Images

The Broughton family prepares for their dinner prayers during a gathering on November 26, 2020 in Los Angeles, California. Prices for Thanksgiving staples like turkey are on the rise this year, thanks to inflation. Brandon Bell/Getty Images hide caption

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Brandon Bell/Getty Images

Rising prices are on the menu for Thanksgiving, with inflation currently at 7.7%

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A gas pump is seen at a gas station in Houston on June 9. Gas prices have dropped below $4 a gallon in parts of the country, although the national average remains above that level. Brandon Bell/Getty Images hide caption

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Brandon Bell/Getty Images

Gas prices are finally dropping. Here are 4 things to know

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A shopper walks through a grocery store in Washington, D.C, on March 13. Surging inflation poses a particular challenge for working-class families, impacting the cost of basic necessities such as groceries. Stefani Reynolds/AFP via Getty Images hide caption

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Stefani Reynolds/AFP via Getty Images

How soaring inflation forces stark choices

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Some consumers are wondering why President Biden is not doing more to counter surging prices across the economy. Patrick Semansky/AP hide caption

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Patrick Semansky/AP

Inflation is surging and people are hopping mad

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