Economists have now given rising inflation a suggested dollar amount for 2022 budgets.
When comparing the cost of goods and services in 2021 to expected costs this year, Bloomberg economists said the average U.S. household will spend $5,200 more, or $433 more per month.
The estimate is another reminder of the bleak disheartening economic outlook that is not amiss on the public. A Gallup poll released Tuesday showed inflation as the most important economic problem seen facing the United States.
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