And while inflation has cooled in recent months, the typical household spent $371 more on good and services in December than a year ago, according to Moody’s Analytics. The good news is that the cost-of-living shock appears to be easing and paychecks are starting to catch up. At the inflation peak last June, the typical family spent an additional $502 per month compared with the year before, according to Moody’s. So where is sticker shock hurting the most? Families are spending an estimated $82.
Egg prices have spiked by nearly 60% over the past year, the biggest annual increase since 1973, in part due to a supply crunch caused by avian flu. Other items that are costing families more per month include utilities , health care , entertainment and alcoholic beverages , according to Moody’s. The bright spot is gasoline, where the typical family saved $1.55 per month compared with the year before.
Lets send another 100 billion to Ukrainians 🙄
But Biden said everything is fine!!
Fjb
This administration is trying to starve us….
Really? I've been spending less than ever. I guess normies can't adapt
Thanks, Joe Biden
What's the phrase going to be? Let's go Brandon? Let's go CNN?
LGB 😒
But Sniffy Joe keeps telling us that the economy is booming, and that things are great for us.
But how many of those families saved 16 cents on their 2021 4th of July BBQ?
It’s not inflation. It’s greed.
Whew chile
Biden's inflation
The Fed: “But what we need to happen to fix the inflation problem is for more people to lose their jobs resulting in higher unemployment, thereby reducing demand. Then when people can’t afford the basic things they require to literally remain alive, everything will be fine”
President Biden can say whatever he wants about lower inflation. It is a total joke. Ask Americans about how much they have to pay monthly now for living expenses and ask them to look at their 401K investments during this last 12 months even if they have retirement savings.
Ok, who hacked the CNN-profile? They insisted for over a year there was no inflation.
You people ran the country into the ground so live with it.
Joe's tweeter is lying? 🤦
Inflation? No. Call it what it really is CNN - corporate price gouging.
trumps inflation.
But but, I thought inflation was going down? Biden promised! Lmao....
Do Democrats realize they voted for this?
Indians are spending only $25 more every month.
I thought the 'Inflation Reduction Act' was going to reduce high costs. Shocker! It was never about inflation reduction it was about 'Climate Change' Green New Deal Biden Lied
This inflation was caused by the overly generous handouts during COVID.
Republicans laughing their asses off as they blame Democrats for it after Repubs voted no to crack down on the corporations behind this mess that are making record profits after Covid.
Why president only talked about gas price
All this because Joe was elected president. What a disaster!!!
Thank Biden and the Democrats. They did this and have used every excuse to run for cover.
But CNN keeps telling us things are great...
I can no longer keep up as my body doesn't agree with my three hours of sleep schedule.
Not according to the president maybe you should fact check him once in a while.
Blame the corporate CEO's they want more and more profits. They only care about the almighty $$$. Biden needs to stop them from the price gauging, I know our repug congress won't!!!
So you think one honest article is going to make up for your years of fake news and propaganda? NOPE!
Thanks democrats!
Everything is getting more expensive, but Joe said it’s not, even though it is, so it’s fine.
And you and your viewers voted for this sht!!
Bidenomics didn't work
Lines are long at the drive through at every major fast food restaurant, sports bars are packed, people lots of people at airports. It’s all good.
Thanks to dementia joe and the rest of the New Democrat Socialist Nazi Party, including CNN the clown network propaganda.🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
Just keep spending by the trillions. Sooner or later we could get that number even higher!
No mention of corporate price gouging. Inflation is no Democratic or Republican. Why is there no reporting on why food prices have shot up. How supermarkets are more profitable than ever.
Yeah we know, CNN.
Great reporting. Except 2 years to late.
Geniuses here obviously at CNN
And they have the nerve to complain about documents nobody cares about fix this stuff and stop waisting time things are way to high you need to cut it
No $hit…. Decided to wake up , did we? About time….
PressSec POTUS here’s the truth. Not that you’d recognize it. Peace all
CorporateGreed PriceGouging is missing in this story. Tell the whole story or none of it.
Inflation=Democrats
Dawnsfire The Biden administration says everything is great🤷🏼♀️.
Transitory my ass. It will take years to course correct. Biden makes a few more poorly planned and executed economic moves we'll land in a significant depression for sure
Biden is sure killing our great economy in years and his policies are going to make it worse…
Democrats…
Thanks to war in Ukraine. Americans are paying for it
Tell that to President Hologram
Why do people keep voting for Dems that vote with Biden 100 percent of the time?
Waitttt Joey said inflation is going down?!! Waitttt did Joey lie to us?!! I am shocked!
In Biden’s America
POTUS any thoughts?
Biden’s economy. You know this header would have been different if Trump was in office.