It comes as no surprise to anyone who pays for everyday necessities like food, rent, and gasoline that prices continue to rise. The newly released Consumer Price Index shows inflation rose 3.5% over this time last year, which is higher than the predicted 3.0%. Today the typical American household spends approximately $270 more each month on basic items than they did one year ago, and a shocking $1,037 more per month than they did three years ago, according to Moody's Analytics. That was in 2021, before inflation shot up to 9.1% in 2022. E.J. Antoni, research fellow in The Heritage Foundation's Grover M. Hermann Center for the Federal Budget, told CBN News the Biden administration is to blame for high inflation. Read the full story from CBN's Lorie Johnson: https://www2.cbn.com/news/us/cost-living-rises-yet-again-youre-now-paying-1037-more-each-month CBN News. Because Truth Matters™ Download the free CBN News App: http://cbnnews.com/app SUBSCRIBE to the CBN News Channel for more: null SUBSCRIBE to the QuickStart Newsletter by visiting quickstart.news SUBSCRIBE to the Quickstart Podcast. New episodes every morning at 7am: cbn.com/cbnnews/quickstart What's coming up next? Have a look at our program guide: http://www1.cbn.com/cbnnews/newschann CBN features 24-hour TV news from a Christian perspective. The CBN News Channel provides independent news programming to an underserved audience to enlighten, entertain and inspire Christians around the world. Comments below do not necessarily reflect the views of CBN. Share this live feed with your friends and family: null Like us on Facebook: https://www.facebook.com/cbnnews/ Like us on Twitter: https://twitter.com/CBNNews Follow us on Instagram: https://www.instagram.com/cbnnews/ Contact News Editors: https://www1.cbn.com/contact/contact- Questions about other CBN programs: Visit WatchCBNNews.com or call (888) 700-7000. Questions about supporting CBN News? Visit JoinCBNNews.com or call (888) 700-7000 for more information. Questions about Helping the Home Front? Call: 800-700-7000 https://www1.cbn.com/700club/helping- #breakingnews #politicalnews #christiannews #christian #christianity #church #breakingnews #cbnnews