Economics
Inflation Has Americans Shelling Out Another $276 a Month
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The typical U.S. household is spending an additional $276 a month on goods and services because of rising inflation, according to Moody’s Analytics Inc.
The government’s latest index of consumer prices showed inflation soared 7.5% in January from a year ago, a fresh four-decade high. The widely followed gauge rose 0.6% from a month earlier, reflecting broad increases that included higher food, electricity and housing costs.