The average American household is paying $327 extra per month

Sometimes economic data can feel abstract, but our current 40-year-high inflation is viscerally hitting us every time we fill up for gas or buy groceries. A recent report from Moody’s Analytics estimates that inflation over the last year is costing American households an extra $327 per month in living expenses. That tops last month’s $296 increase. But there’s a glimmer of hope on the horizon: Ryan Sweet, senior director of research at Moody’s, said: “Our forecast is that March was the peak for year-over-year growth in inflation and that it will gradually moderate.”—Megan