The February surge marked the highest annual rate of increase in consumer prices since 1982. The latest bite out of the family budget was up from $276 in inflationary expenses just one month earlier. The food index jumped 7.9% - with meal staples such as beef and chicken experiencing some of the sharpest increases. Bureau of Labor StatisticsĮnergy prices jumped a staggering 25% in February compared to the same month one year earlier. AFP via Getty Images/MANDEL NGAN The Bureau of Labor Statistic’s most recent Consumer Price Index data. US gas prices hit record highs this week. Some economists have argued out-of-control government spending has pushed inflation higher.Īnd the Russia-Ukraine war is expected to cause gas prices – already at a record level – to climb even higher in the weeks ahead. Higher energy prices in March are going to boost the ,” Sweet told The Post.Ĭonsumer prices have continued to rise even as the Biden administration has largely blamed the problem on supply chain disruptions and corporate greed during the COVID-19 pandemic. “Unfortunately, things will get worse before they get better. He arrived at the figure by comparing average US household spending last month to what would have been spent in 20, when inflation paced at 2.1%. Ryan Sweet, a senior economist at Moody’s Analytics, crunched the numbers after the latest Labor Department data showed consumer prices jumped 7.9% in February. Red-hot inflation is costing the average US household an additional $296.45 in expenses as surging food and fuel costs stretch budgets, according to calculations provided to The Post. ‘Shark Tank’ star Kevin O’Leary warns ‘crisis emerging’ for US businesses US producer inflation muted as labor market remains tight Our supermarket page gives you typical costs for a range of foods.Voters know Biden’s talking baloney on his economic recordīiden student loan plan is just another con Some items near the bottom of the table we’ve left for you to estimate based on your personal lifestyle. You will know better than anyone else the sort of spender you are in each category. Some people are quite happy to be frugal motorists while spending more on food, wine and entertaining than our ‘good living’ estimate.
Not a millionaire lifestyle, but probably within the top 10 percent of lifestyles for New Zealand. Very nice house, in above average area, two good quality cars bought new and replaced every 3 years, nice food, meals out, a glass or two of wine with most evening meals. Lives reasonably well but no great extravagance: some wine each week – some takeaway food – nice house in good area – a good quality Japanese family car, bought second-hand that travels around 10,000 miles (16,000 km) each year.
Quite happy to buy cheap and second-hand goods runs a cheap car that travels around 5000 miles (8,000 km) each year.
These will help you find housing cost estimates and explain the calculator more fully. If it’s your first time here, you might find it helpful to read the notes at the bottom of the page. The calculator will estimate the salary you need, taking into account the tax you will have to pay on your salary. You’ll need to adjust these costs depending on your personal circumstances.įor each item you’ll be spending money on, click the button for “frugal” or “modest” or “good living” or enter your personal estimate into the calculator.Īfter you’ve entered all the costs, click the “Add” button, to find your total estimated weekly spending. The calculator is based on the living costs of a family of two adults and two school-aged children.
0 kommentar(er)
