D3sign | Moment | Getty Images
Inflation has hit levels not seen in 40 years, and Americans’ wallets are feeling the strain.
Prices are rising on everything from energy to food to shelter, costing the average American household an additional $327 per month, according to a Moody’s Analytics analysis. That’s higher than last month’s estimate of $296 per month.
The latest figure is based on the Consumer Price Index’s 8.5% year-over-year rise in March. The index measures a basket of goods and services.
Food rose 1% from last month and 8.8% over the last 12 months, while gasoline jumped 18.3% since February and 48% from last year.
More from Invest in You:
Here’s what consumers plan to cut back on…