Money What is inflation and how does it affect you? Increase in prices for gas, food, energy raise concern November 11, 2021January 12, 2022 Nathan Bomey, USA TODAY Comments Off on What is inflation and how does it affect you? Increase in prices for gas, food, energy raise concern What is inflation and the CPI? Prices are rising for cars, energy and food. Here's what you need to know about inflation and the Consumer Price Index.