Here’s how much inflation is costing your household – and what to do – TheStreet | Gmx Pharm

Are you wondering how much inflation is currently putting a strain on your budget?

It’s a nice round number: $460 a month in additional spending by US households, say economists at Moody’s Analytics.

The figure comes from Moody’s Senior Economist Ryan Sweet, who compared US goods and services prices in May 2022 to similar prices for the same month in 2018 and 2019.

Currently, the average annualized inflation rate is 8.5%, compared to an average of 2.1% in 2018 and 2019, Moody’s reported.

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