For months, Brian Robb of Lawrence Park has been forced to make sacrifices.

"The higher gas prices, it's harder to get around," said Robb. "I have to make a tank of gas last two weeks."

As inflation reaches a 40-year high, Robb finds himself spending more time at home.

"It's pretty frustrating because I miss out on going on road trips and heading out and doing things," said Robb. "I wish I could drive, but I have to maintain my budget."

From the gas pump to the grocery store, just about everything costs more, impacting both consumers and businesses.

With diesel prices lingering around $5.95 a gallon, trucking companies like Barnhart Transportation are seeing a significant increase in costs.

"It's impacting every aspect of our business," said Barnhart Transportation CEO Tim Barnhart.

Barnhart says keeping his 190 trucks with 300-gallon tanks on the road costs a fortune.

"Everything that we purchase is going up and, in some cases, considerably," said Barnhart. "Our electric bills, our natural gas bills, the parts that we buy. The tires that we buy, all of the equipment that we are purchasing."

The ongoing supply chain issues are also adding to inflated costs.

Logistics Plus manages supply chain transportation for manufacturers, retailers, and Fortune 500 companies around the world.

However, with gasoline prices up 59.9% compared to last year, it's become much more expensive.

"Fuel is such a big portion of each transportation cost," said Logistics Plus COO Yuriy Ostapyak. "Because of these increases, the importers and exporters have to pay more and ultimately that gets passed on to the consumer."

With food prices up 12.2% compared to last year, grocery stores are also forced to increase prices.

"Items that are going up, we have to move with the industry," said Erie County Farms General Manager Americo Rocco. "We cannot sit back. You have to move the price. If you're paying $2.00 for something, you can't keep it at $2.00. I mean, everybody has to live and make a living, with bills to pay."

The housing market is also impacted by inflation.

Mortgage rates have climbed two percentage points since the beginning of the year, reaching 5.65% in June.

The increase in rates is part of the Federal Reserve's effort to combat rising inflation.

However, the higher borrowing costs are pricing many first-time homebuyers out of the market.

"Some of the challenges first-time homebuyers have been that if you're in a competitive situation, sometimes some buyers are willing to purchase a home without inspections," said Coldwell Banker Select Realtors broker Matt Froehlich. "Some buyers have superior financial terms to first-time homebuyers, and that can be daunting."

As the surge in prices for housing, food, and energy continue, people like Robb are hoping for an end in sight.

"I hope eventually things go down," said Robb. "I have faith that things will get better overtime, and I always try to hope for the best."