Americans spending nearly $400 more, despite inflation dip

The higher prices are all do to inflation. And despite the fact that inflation has dipped a bit, Americans are still paying more. According to ABC News, the average American family is spending nearly $400 more. Grocery prices are up almost 11%, and rent is up nearly 8%. “Higher prices are the new norm,” said Professor Victor Claar. “The only question now is how quickly or how slowly they’ll continue to rise from here.” Professor Claar is an associate professor at the Lurtgert College of business at Florida Gulfcoast University. He said Americans should expect to see costs be even higher next month.