The Packer: Survey measures impact of rising costs, stress, social media on food choices. “The survey showed 4 in 10 Americans (42%) said they have come across social media content about food and nutrition in the past year. Predictably, exposure to this content is inversely proportional with age, with Gen Z (71%) and millennials (58%) reporting the highest exposure, as compared to older generations, the survey said. Two-thirds said they trust that information at least a little (46%) or a lot (21%), the survey found.”
Tag Archives: inflation
Utah State University: New USU Extension Website Offers Inflation Resources
Utah State University: New USU Extension Website Offers Inflation Resources. “Website topics include budgeting for emergencies, combating panic buying during inflation, teaching children about money management, positive conversations about money, and other topics.”
Marketplace: What social media advertising tells us about inflation
Marketplace: What social media advertising tells us about inflation. “Social media companies’ earnings reports are coming out this week, including those from Twitter and Facebook, and advertising accounts for a big piece of their business. But when Snap Inc. reported earnings last week, the company flagged problems that could hurt demand for ads. The issues are familiar — supply chain snags and inflation.”
ABC News: US retail spending slows as inflation starts to bite
ABC News: US retail spending slows as inflation starts to bite. “Retail sales increased 0.3% after registering a revised 4.9% jump from December to January, fueled by wage gains, solid hiring and more money in banking accounts, according to the Commerce Department. January’s increase was the biggest jump in spending since last March, when American households received a final federal stimulus check of $1,400.”
BBC: US consumer prices rise at fastest rate since 1982
BBC: US consumer prices rise at fastest rate since 1982 . “Price rises in the US accelerated by more than expected last month, pushing annual inflation up to 7.5% – the highest rate since 1982. Food and energy costs helped to drive the increases, which left few spending categories untouched. The rising prices are squeezing household finances as wages fail to keep pace.”
Bloomberg: U.S. beef prices rise as Covid sickens slaughterhouse workers again
Bloomberg: U.S. beef prices rise as Covid sickens slaughterhouse workers again. “U.S. beef prices jumped to the highest levels since November, threatening to worsen already raging food inflation. Production has slowed as the omicron virus variant sickens workers. Beef output last week fell 5.3% from a year ago, and wholesale prices on Monday climbed by 1.3%, the most since August, according to the U.S. Department of Agriculture.”
NPR: Inflation is still red hot, and it’s forcing the Federal Reserve into a new game plan
NPR: Inflation is still red hot, and it’s forcing the Federal Reserve into a new game plan. “The Federal Reserve is paving the way for possible interest rate hikes next year, in an effort to contain stubbornly high inflation. At the conclusion of a two-day policy meeting Wednesday, the central bank announced plans to phase out its large-scale bond-buying program faster than initially planned. The Fed started purchasing bonds during the pandemic as a way to keep borrowing costs across the economy low and to prevent any market disruptions.”
Rising rent: Floridians face pricey dilemma (My News 13)
My News 13: Rising rent: Floridians face pricey dilemma. “Albert Harris-Russell and his partner Logan rent a one-bedroom apartment in downtown Orlando. The professional photographer said their rent is going up so much they now have to consider if they can stay, or if they’re being priced out. ‘Six months ago this apartment was going for $1,500 to $1,600,’ Harris-Russell said. ‘Now it’s jumped to almost $2,000.'”
CNBC: Google execs tell employees they won’t raise pay companywide to match inflation
CNBC: Google execs tell employees they won’t raise pay companywide to match inflation. “Google executives are acknowledging employee concerns about rising inflation, but say they have no plans to respond with a companywide pay increase. The topic of workforce pay was addressed at a special meeting on Tuesday that was intended to focus on Google’s 2022 strategy.”
Washington Post: Prices climbed 6.8% in November compared with last year, largest rise in nearly four decades, as inflation spreads through economy
Washington Post: Prices climbed 6.8% in November compared with last year, largest rise in nearly four decades, as inflation spreads through economy. “Prices rose 6.8 percent in November to a nearly 40-year high, compared with a year ago, as inflation continues to squeeze households and businesses nationwide and complicates the political environment for Congress and the White House. Consumer price index data released Friday by the Bureau of Labor Statistics showed that prices rose 0.8 percent in November compared with October, with inflation spreading further throughout the economy, including to areas that had not been as affected by the coronavirus pandemic.”
Route Fifty: As Food Banks Struggle to Feed More Families at Thanksgiving, Localities Step Up to Help
Route Fifty: As Food Banks Struggle to Feed More Families at Thanksgiving, Localities Step Up to Help. “Food shortages and soaring prices have hampered many charities’ ability to collect and buy enough items. Municipal governments are investing new federal funds to boost these efforts.”
MarketWatch: The inflation genie is out of the bottle’ as consumer sentiment takes a hit and Californians pay $12 for a regular burrito
MarketWatch: `The inflation genie is out of the bottle’ as consumer sentiment takes a hit and Californians pay $12 for a regular burrito. “The highest annual U.S. inflation rate in almost 31 years reverberated across financial markets and in the minds of Americans this week, damaging consumer sentiment, leaving many traders flummoxed, and causing one financial firm to warn that the proverbial ‘genie is out of the bottle.'”
CNET: Used car prices up 37% year-over-year as supply constraints bite
CNET: Used car prices up 37% year-over-year as supply constraints bite. “This year’s been a norm-busting time for a number of reasons, and used car prices are included. JD Power published a market update on Monday and delivered more bad news for used car prices: they’re still rocketing upward. After a brief reprieve this summer, the latest data from October 2021 showed prices rose 37% year-over-year compared to 2020. In other words, used cars cost almost 40% more than they did this time last year.”
BusinessWire: Datasembly’s New Grocery Price Index Reveals Details of Dramatic Price Inflation Acceleration in Q3 (PRESS RELEASE)
BusinessWire: Datasembly’s New Grocery Price Index Reveals Details of Dramatic Price Inflation Acceleration in Q3 (PRESS RELEASE). “Datasembly, the leading provider of real-time product pricing, promotions, and assortment data for retailers and CPG brands, today announced the launch of its Grocery Price Index, as well as grocery inflation trends across a number of markets with New York, Philadelphia, Tampa, Detroit and Portland showing some of the largest recent increases within a few key grocery categories. The free tool is a culmination of the billions of pricing and product records that Datasembly collects daily from over 130,000 stores and more than 180 retail banners across the United States.”
One Thing That Hasn’t Kept Up With Inflation This Year: College Tuition (Bloomberg Quint)
Bloomberg Quint: One Thing That Hasn’t Kept Up With Inflation This Year: College Tuition. “The growth in the cost of college had outpaced inflation for decades until Covid. Tuition and fees rose 0.6% on average annually over the last 12 months compared with a 3.2% increase in U.S. prices overall, according to the Bureau of Labor Statistics. It’s the largest gap between the two since the late 1970s and early ’80s when annual inflation peaked around 15%.”