PA food supplier warns Americans getting squeezed by inflation are becoming 'resistant' to higher prices
The typical U.S. household needed to pay $213 more a month in January to purchase the same goods and services it did one year ago because of still-high inflation, according to new calculations from Moody's Analytics chief economist Mark Zandi. Americans are paying on average $605 more each month compared with the same time two years ago and $1,019 more compared with three years ago, before the inflation crisis began.
President Joe Biden took aim at grocery stores, blaming them for "ripping people off" with high pricing amid the continued inflation blame game.
