Shock new research for DailyMail.com lays bare brutal toll of inflation under Biden – as we break down why American families are paying a staggering $5,915 more on 45 everyday items
True cost of inflation revealed: how YOU pay $5,915 more this year for everyday basics
Householders are spending $5,915 more each year to buy the same items they were buying in 2021, said Moody’s Analytics economist Mark Zandi, who crunched the latest U.S. government price data.
Consumers across the U.S. told DailyMail.com how they have struggled to put food on the table after inflation reached 9.1 percent – its highest clip since the early 1980s – putting basics like butter and beefsteaks out of reach. We researched the items that were most frequently burning a hole in the pockets of the ordinary urban American. We then calculated how much the same items would cost had inflation stayed at the Federal Reserve’s target 2 percent rate – not the runaway hikes we’ve seen this past year – to indicate ‘normal’ prices for the same items.
Our table shows how consumers are spending additional hard-earned dollars on everything from pantry staples like eggs, bread and baby food to used cars, furniture and board games.