WASHINGTON (Xinhua) -- Rising inflation cost average American households 445 US dollars more than last year, according to a recent analysis by Moody's Analytics.

And statistics made by Ryan Sweet, a senior economist at the company, showed that the number, after inflation, reached 8.2 percent in September.

The US Labor Department reported last week that the US consumer price index rose 0.4 percent in September, up 8.2 percent from a year ago, with core inflation rising to its highest level in four decades.

As part of its statistics, Moody's compared average US household spending in September with the average in 2018 and 2019, when the inflation level was in the 2.1 percent range.

Spreading inflation affected all sectors of the US economy, as grocery prices rose 13 percent in September.

Moreover, 24 percent of shoppers said they purchased less food items than usual in September, according to Morning Consult. And 72 percent of American adults indicated that they were very concerned about rapidly rising food prices.

Meanwhile, Jacob Channel, a major economics channel on the online platform LendingTree, reported, citing the New York Post, that many Americans are no longer able to afford daily necessities. , due to the huge increase in their prices.

"For many families, spending hundreds of extra dollars each month on the same basic needs that they used to buy will likely not be possible. As a result, some, if they don't already, will resort to downsizing and lowering their living standards," the channel stated.

According to the Beige Book released by the Federal Reserve on Wednesday, prices in the US are still increasing, although some declines have been observed in several regions.

A survey showed that a significant increase in input prices was recorded in various industries, despite the recorded decline in the prices of commodities, fuel and freight.

He pointed out that the increase in selling prices is mixed, with a large increase in some areas and moderation in others, adding that, looking forward, expectations of an increase in prices indicated moderation in general.

Since March, the US Federal Reserve has raised interest rates 5 times, including rate hikes of 75 basis points 3 consecutive times in June, July and September, to raise the benchmark interest rate to a range of 3-3.25 percent.

As it intensifies its fight against rising inflation, the Fed has signaled a more hawkish path, acknowledging that controlling inflation is likely to lead to increased unemployment and suffering for households and businesses.

Economists have warned that Americans should prepare for more pain as recession risks rise. According to the latest model forecast by Bloomberg Economics, a US recession is effectively certain within the next 12 months.