Inflation Forces Typical American Household to Spend $709 More per Month Than 2 Years Ago

Moody’s Analytics chief economist Mark Zandi has calculated that the typical American household is spending a whopping $709 more per month than two years ago due to high inflation.

Grocery shopping in Rosemead, Calif., on April 21, 2022. Frederic J. Brown/AFP via Getty Images

Moody’s Analytics chief economist, Mark Zandi, has calculated that the typical American household is spending a whopping $709 more per month than it was two years ago because of high inflation.

Mr. Zandi’s calculations came in a post on X, formerly known as Twitter, that was remarking on the latest government data on inflation, the Consumer Price Index (CPI).