I found a helpful post to speed up wordpress website or blog https://www.keycdn.com/blog/speed-up-wordpress/
With some other optimizations, I am also using below code on my site in .htaccess file (usually hidden in main website folder)
My Server is Apache, You can check in hosting control panel (Like cPanel/WHM Panel)(if your server is nginx check keycdn.com post)
(Copy and paste below code in .htaccess file, it's working good for me)
(Upvote this answer if works for you)
ExpiresActive On
ExpiresByType image/jpg "access 1 month"
ExpiresByType image/jpeg "access 1 month"
ExpiresByType image/gif "access 1 month"
ExpiresByType image/png "access 1 month"
ExpiresByType image/svg "access 1 month"
ExpiresByType text/css "access 1 month"
ExpiresByType text/html "access 1 month"
ExpiresByType application/pdf "access 1 month"
ExpiresByType text/x-javascript "access 1 month"
ExpiresByType text/javascript "access 1 month"
ExpiresByType application/javascript "access 1 month"
ExpiresByType application/xhtml+xml "access 1 month"
ExpiresByType application/x-shockwave-flash "access 1 month"
ExpiresByType image/x-icon "access 1 month"
ExpiresDefault "access 1 month"
Header set Cache-Control "max-age=2592000, public"
Header set Cache-Control "private, must-revalidate"
# Compress HTML, CSS, JavaScript, Text, XML and fonts
AddOutputFilterByType DEFLATE application/javascript
AddOutputFilterByType DEFLATE application/json
AddOutputFilterByType DEFLATE application/atom+xml
AddOutputFilterByType DEFLATE application/rdf+xml
AddOutputFilterByType DEFLATE application/rss+xml
AddOutputFilterByType DEFLATE application/vnd.ms-fontobject
AddOutputFilterByType DEFLATE application/x-font
AddOutputFilterByType DEFLATE application/x-font-opentype
AddOutputFilterByType DEFLATE application/x-font-otf
AddOutputFilterByType DEFLATE application/x-font-truetype
AddOutputFilterByType DEFLATE application/x-font-ttf
AddOutputFilterByType DEFLATE application/x-font-woff
AddOutputFilterByType DEFLATE application/x-javascript
AddOutputFilterByType DEFLATE application/xhtml+xml
AddOutputFilterByType DEFLATE application/xml
AddOutputFilterByType DEFLATE font/opentype
AddOutputFilterByType DEFLATE font/otf
AddOutputFilterByType DEFLATE font/truetype
AddOutputFilterByType DEFLATE font/ttf
AddOutputFilterByType DEFLATE image/svg+xml
AddOutputFilterByType DEFLATE image/x-icon
AddOutputFilterByType DEFLATE text/css
AddOutputFilterByType DEFLATE text/html
AddOutputFilterByType DEFLATE text/javascript
AddOutputFilterByType DEFLATE text/plain
AddOutputFilterByType DEFLATE text/xml