The cost of living in America has increased significantly since 2020, when the Covid-19 pandemic triggered a sudden deceleration of the world’s largest economy. Three years later, the spike in inflation that followed is finally easing as the US Federal Reserve aims optimistically for a soft landing.

But that doesn’t mean the price of goods and services is falling back to Earth—at least not right away. Bloomberg reporters Reade Pickert and Jennah Haque crunched the numbers to see just how much more Americans are shouldering in their everyday expenses compared with pre-pandemic levels.

Read more: Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

The cost of living in America has increased significantly since 2020, when the Covid-19 pandemic triggered a sudden deceleration of the world’s largest economy. Three years later, the spike in inflation that followed is finally easing as the US Federal Reserve aims optimistically for a soft landing.
But that doesn’t mean the price of goods and services is falling back to Earth—at least not right away. Bloomberg reporters <a href="https://www.bloomberg.com/authors/ATR8A0XQZX8/reade-pickert">Reade Pickert</a> and <a href="https://www.bloomberg.com/authors/AVRj1cfGRXo/jennah-haque">Jennah Haque</a> crunched the numbers to see just how much more Americans are shouldering in their everyday expenses compared with pre-pandemic levels.
Read more: <a href="https://www.bloomberg.com/graphics/2023-inflation-economy-cost-of-living/?srnd=premium">Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math</a> 
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

From Food to Mortgages, Being American Is Very Expensive

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bc07b2df-e5d4-4fb7-908b-b0d20170f5dc/transcript

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