Surging Prices Force Americans to Drain Savings as Households Pay $1,000 More Than 3 Years Ago

Food inflation remains high, with grocery prices surging 21% in the last 3 years
Inflation is forcing the average American household to pay $227 more a month compared to a year ago
Americans are paying $784 more per month compared to 2 years ago and $1,069 more compared to 3 years ago
Housing and gasoline were the biggest drivers of inflation in March
To cover higher costs, Americans are burning through savings and increasingly relying on credit cards, with card debt reaching a record $1.13 trillion