Americans Feel the Squeeze as Prices Surge on Food and Travel

Prices in the United States have surged approximately 26% since the onset of the COVID-19 pandemic, making everyday expenses increasingly burdensome for families. A budget hotel room in Nashville now commands $500 for a weekend stay without breakfast, while a simple cup of coffee can set you back $7. Rental car rates have also skyrocketed; for instance, a four-day rental of a midsize Toyota Camry can easily exceed $670.The Times of London recently explored these escalating costs, noting that since 2021, inflation has brought about the most persistent increases in decades. This trend affects all income brackets, fostering a sense that basic experiences are becoming less attainable.Hotel rates have risen 24% over the last decade, with Manhattan prices hitting an extraordinary average of $417 per night in September 2024. As dining out becomes pricier—with restaurant prices rising 49.3% during the last decade—essential goods have also seen steep hikes. With inflation remaining a concern, many households must make difficult decisions about what they can afford.