Charlie Bilello: Price increases for key goods and services over past 7 years

Charlie Bilello: Price increases for key goods and services over past 7 years
U.S. prices up 23 to 64 percent

Prices on a range of goods and services have increased significantly over the last 7 years. New cars are up 23%, used cars 30%, groceries 33%, and shelter 35%. Family health insurance increased 38%, restaurant prices 39%, transportation 42%, electricity 44%, auto insurance 49%, home prices 60%, gas utilities 62%, gasoline 64%, and a dozen eggs 64%.

The data was shared by Charlie Bilello, chief market strategist at Creative Planning.

Bilello has previously discussed the challenges of managing risk in portfolios with dominant stock positions, outlining key strategies in an earlier report. He has also noted that the S&P 500 averaged a 12% annual return since 1980 despite typical intra-year declines, according to his analysis on market returns and risk. These perspectives add context to his recent observations on rising consumer costs.

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