Households in the United States spent an average of $433 more per month in 2022 than they did in 2021, CNBC TV channel reported, citing data from Moody's.
Analysts factored in retail prices for food, gasoline and necessities into the spending calculations. Chicken eggs became 43% more expensive, butter prices rose by 33%, milk and bread prices increased by 15%. Petrol rose in price by 17.5%.
In October the situation slightly improved compared to September. In the first month of fall, each U.S. household spent an average of $445 more than in September 2021.
This week, The Wall Street Journal (WSJ), citing opinion poll data, wrote that Americans are planning to buy fewer gifts for the upcoming holidays and reduce spending on charity because of rising prices in the country.
In the first half of July, Axios reported that U.S. residents in 2022 began paying 35% more to commute to work in their own cars than in 2021.