Bloomberg economists say that Americans should considering budgeting an extra $5,200 this year — or $433 monthly — in order to fight the effects of inflation.

The U.S. Consumer Price Index has indicated that prices across the board have skyrocketed at the fastest pace since 1982.

In a Tuesday report, Bloomberg economists Anna Wong and Andrew Husby warned that inflation is set to cost the average U.S. household at least $5,200 more year over year.