The US affordability crisis is worsening: Food prices have surged +34.5% since December 2019, now at their highest level on record. Rent and grocery prices have risen +33.3% and +30.0%, respectively. Furthermore, motor vehicle maintenance and repair prices have soared +55.2% o

The US affordability crisis is worsening: Food prices have surged +34.5% since December 2019, now at their highest level on record. Rent and grocery prices have risen +33.3% and +30.0%, respectively. Furthermore, motor vehicle maintenance and repair prices have soared +55.2% over the same period. Meanwhile, prices for services excluding rent, including medical care, transportation, education, communication, and recreation, have increased +29.2% since December 2019. As a result, the Consumer Price Index (CPI) has risen +30.4%. Basic necessities are becoming increasingly unaffordable in the US.