Wall Street

Here’s How Much Inflation Costs Your Household

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The Street

By Brian O’Connell Regular Americans are feeling economic pain these days. Wondering exactly how big a bite inflation is taking out of your budget right now? It’s a nice, round number: $460 a month in extra U.S. household spending, Moody’s Analytics economists say. The number comes from Moody’s senior economist Ryan Sweet, who tracked the price of U.S. goods and services in May 2022 against similar prices in the same month in 2018 and 2019. Right now, the average inflation rate stands at 8.5% on a year-to-year basis, compared with an average of 2.1% in 2018 and 2019, Moody’s reported. The diff…

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