Inflation drives up US household spending – CNBC

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...