U.S. Bureau of Labor Statistics: http://www.bls.gov/ April 12, 2022. For the average American household, inflation costs increased from $635 in May to $718 in June, an $83 increase in monthly inflation costs. Specifically, we ask: how much more must the average household pay today to maintain the same standard of living it achieved in January 2021, the last time inflation was within historical norms? Consumer Price Index Table - All Areas (2022-2023) Shows CPI data from 2022 to Partly offsetting the increases were price decreases in used cars and trucks (-9.4 percent) and household furnishings and operations (-2.7 percent). An increase of 7 percent from the reference base, for example, is shown as 107.000. Due to a combination of higher inflation rates and higher average household spending, inflation is imposing the greatest monthly costs on families in the states of Colorado ($774), Utah ($751), and Arizona ($688). The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new analysis. Yellen says US could hit debt ceiling as soon as June 1, FDIC recommends overhauling insurance deposit system, San Jose hotel project site is seized through foreclosure, Harriette Cole: My friend's mom didn't recognize me at my job, and she was very rude. Families in the Mountain West (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming) are facing the highest inflation rates, with prices today 16.9 percent higher than in January 2021. This is higher than the long term average of 3.28%. Other metros in the West: Bay Area inflation rose at a 3.7% rate in August while Seattle was up 5.2% and Phoenix up 5.1%. Inflation at 13-year high in Los Angeles and Orange counties A_(dC9^ H|Oa;_iw2v_aTTR('_^l3={ Jp7:Isr7kzf . I will have to spend less on other things because I have to buy gas.. f_s{5N[I|3Rsk RUZ>wVfXj&Jql+-eRkV;W-w]? The site is secure. Inflation Used? Inflation is going to get worse and worse, Thornberg said. Credit scores go flat, First Republic Bank seized, sold to JPMorgan Chase.

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