Inflation Will Cost Americans an Extra $5,200 This Year: Bloomberg

Inflation Will Cost Americans an Extra $5,200 This Year: Bloomberg

• Americans should budget an extra $5,200 this year to cover rising prices, Bloomberg economists estimate

"Inflation will cost the average US household an extra $5,200, Bloomberg economists said.
About $2,200 of that inflation tax will come from pricier food and energy, they added.
Extra savings and wage growth will cushion the blow, but rising prices will still leave Americans paying more...Read all.