Here are some tips for beating inflation as prices start to rise

Source: CNBC — 

Anyone buying a new car, or even a cup of coffee, has noticed that prices are going up. 

Last month, inflation accelerated at its fastest pace in about 13 years as the economic recovery gained steam, the Labor Department said. Year over year, prices increased 5.3%. 

Meanwhile, median household income fell 2.9% during the pandemic, the first significant decline in nearly a decade, according to new data from the U.S. Census Bureau.

However, there are ways to combat inflation even without a pay increase. Here are three places to start: