People can combat inflation and its losses

InflationMoney Matters
Written By Jennifer Joslyn

🤑 People can combat inflation and its losses. 

Steep prices are here and not leaving any time soon. The Bureau of Labor Statistics has said that bakery items have risen 16.1% in the last year because of the inflation challenges. These can be helped by company owners analyzing data and refining budgets when managing their cash flow. These changes could help everybody in the long run, because inflation is not going to completely disappear anytime soon. 

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US Inflation Reaches Lowest Level Since 2021, Offering Relief to Households Amidst Easing Prices
US Inflation Reaches Lowest Level Since 2021, Offering Relief to Households Amidst Easing Prices

Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.

Dear Federal Reserve… please be gentle!
Dear Federal Reserve… please be gentle!

The job market has been cooling off and inflation seems to be on the decline, signaling that the Federal Reserve may be less inclined to raise interest rates again and again, mirroring the increases of 2022.

An “early holiday rush” was almost nonexistent this year
An “early holiday rush” was almost nonexistent this year

In a 2022 shopping survey conducted by Supply Chain Brain of 3,138 U.S. adults, 50% said that they did not begin holiday shopping until November.

Great news: the national diesel average has dropped 2.4 cents
Great news: the national diesel average has dropped 2.4 cents

While this is the second week in a row with a very incremental change, many say it’s still better than going up.

The Federal Reserve is likely to see rising employment costs as the go-ahead for another interest rate increase
The Federal Reserve is likely to see rising employment costs as the go-ahead for another interest rate increase

According to the U.S. Labor Department, the employment cost index grew by 1.2% from July through September.

UPS is upping its rate to match its number one competitor, FedEx
UPS is upping its rate to match its number one competitor, FedEx

UPS Ground, Air, and International services will launch the rate hike beginning on December 27th.

Potential recession to land next summer, says former treasury secretary
Potential recession to land next summer, says former treasury secretary

While predictions are that the recession will be “mild”, Former US Treasury Secretary Larry Summers is echoing what many have been stating: a recession is coming, and the public should be prepared.

Diesel prices soar after 5 weeks of declines
Diesel prices soar after 5 weeks of declines

All good things must come to an end, it seems.

Even used cars are making potential buyers think twice, now
Even used cars are making potential buyers think twice, now

Used cars are officially unaffordable for most Americans. Interest rate bumps have forced a number of potential car shoppers to reconsider buying, even what has previously been the most ‘reasonable’ option.

Is the U.S. in a recession? Depends who you ask
Is the U.S. in a recession? Depends who you ask

Unemployment remains at a 50-year low, but the signs of an impending recession are growing clearer by the day.

FedEx leadership warns of plummeting global shipping demand
FedEx leadership warns of plummeting global shipping demand

They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.

‘Shrinkflation’ might be useful… if you look hard enough
‘Shrinkflation’ might be useful… if you look hard enough

‘Shrinkflation’ is a fun little term to describe what we suspected was true… yes, that container of ice cream did get smaller.

Beef processing plant joins forces with retailer Walmart
Beef processing plant joins forces with retailer Walmart

The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers.

National average cost of gasoline sits at $3.99, lowest since March
National average cost of gasoline sits at $3.99, lowest since March

Americans have been struggling with rising gas prices since early this year, but finally, they’ve seen the smallest bit of relief.

National diesel average declines, providing slightly more relief at the pump
National diesel average declines, providing slightly more relief at the pump

For the week of August 8th, the Department of Energy’s Energy Information Administration (EIA) recorded a national diesel average cost per gallon of $4.993.

The Infrastructure Bill may have passed, but at what inflationary cost?
The Infrastructure Bill may have passed, but at what inflationary cost?

While the 2,702-page, trillion-dollar infrastructure bill is quite the feat for the Biden Administration, it seems that it is one of the main catalysts in the highest inflation rate America has seen in 40 years.

US economy shrinks for 2nd quarter, inflating recession fears
US economy shrinks for 2nd quarter, inflating recession fears

Fears of a recession continue to grow as the US economy shrinks for the 2nd quarter of the year, contracting at a 0.9% annual pace.

Warehouse managers are looking to cut energy costs amid inflation
Warehouse managers are looking to cut energy costs amid inflation

Don’t leave the lights on when you leave the room - rising energy costs are causing warehouse managers to reevaluate focus on operational tools such as forklifts and batteries, hoping to reduce expenses.

“Shrinkflation” is in full effect
“Shrinkflation” is in full effect

Your eyes do not deceive you - packaging is growing smaller.

Jennifer Joslyn
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