Posted 2/14/2024, 2:21:00 PM
Soaring Prices Hit Households Hard: Average Family Paying $1,000 More a Month Than 3 Years Ago
- Inflation still high - average household paying $213 more a month vs. a year ago
- Total extra monthly costs now $605 more than 2 years ago, $1,019 more than 3 years ago
- Prices still rising, just more slowly - consumers still feeling pinch of higher prices
- Housing driving inflation - rent costs rose 0.6% in January, 6.1% year-over-year
- Americans burning through savings, relying more on credit cards to cover basic expenses
