Inflation drives up US household spending

Americans now pay over $400 more each month for the same goods and services, the news outlet reports, citing analysts Soaring inflation has driven up American household spending, CNBC reported this week, citing a Moody’s analysis of October inflation data. According to the report, households are forced to pay $433 more per month for the same goods and services than they did last year. US consumer prices rose by 7.7% year-on-year last month, which was lower than the June peak of 9.1%, but still near a 40-year high. Since October last year, the food that people buy at work and school has almost doubled in price. Pro

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