If you’ve gone to the grocery store lately and gotten sticker shock, you aren’t alone. Inflation in the U.S. is at its highest rate since 1982. Even though unemployment is falling and wages are rising, inflation is costing the average American household an additional $296 per month, according to Moody’s Analytics, and people have been feeling the crunch.
About one in five Americans think inflation and the high cost of living are the most important problems facing the country today. They’re more worried about inflation than about Covid-19 or the war in Ukraine.