Inflation is influencing how Americans shop, save, and spend, with many now stockpiling essentials like food and cleaning supplies. About 20% of adults report buying more than they need in response to rising prices. Despite a minor cooling of overall inflation, key expenses continue to increase faster than wages. Price rises of more than 20% since 2020 have strained budgets, while new tariffs may lead to an estimated $3.1 trillion cost for U.S. consumers over the next decade as expenses are passed on by retailers.
About 1 in 5 Americans are now regularly buying more than they need, storing away food, cleaning supplies, and other staples as a hedge against further price hikes or shortages.
Inflation has come down from pandemic-era highs, but the most essential expenses, like food, shelter, and utilities, continue to rise faster than wages for many families.
Since 2020, overall prices have jumped more than 20%, taking a sharp bite out of Americans' wallets.
Analysts project these tariffs could cost U.S. consumers up to $3.1 trillion over the next decade, with retailers often passing added costs directly to shoppers.
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