The Consumer Price Index reports the price of gas skyrocketed nearly 60 percent over the last year – and it's of course far from the only commodity affected.
Meanwhile, one market analyst told CBS 2's Jackie Kostek he believes the cost of living right now is actually worse than that 9.1 number suggests.owner Dominique Leach,"Now, I'm paying $33 for it.""We're dealing with higher costs for food, labor, rent, gasoline, and cooking gas," Leachs said.
She says she's done her best not to pass along the rising costs to her customers, and she's not resorting to so-called"shrinkflation" tactics - serving customers less food for the same price. But still, she says it's challenging. Leach says realistically, she doesn't want to put too much extra cost on her customers because that may turn some away. She said a customer wrote her a negative review recently after she raised the cost of brisket by $1 – something that shows how much of a balancing act this has to be for business owners right now.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Yorkers face soaring grocery and rent prices as inflation reaches new 40-year highInflation is hitting nearly every part of the economy and there is no quick end in sight, but as DBrennanTV reports, many consumers continue to spend as the job market remains strong.
Read more »
North Texans dealing with surging prices as US inflation reaches new 40-year highThe cost of groceries, rent, and other living essentials went up again last month at the fastest rate in 40 years.
Read more »
US Inflation Reached a New 40-year High in June of 9.1%Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve
Read more »
Inflation hits 40-year high in June, Biden calls data 'out of date'The growth in inflation was fueled by a massive increase in gas and energy prices. The price of energy increased 7.5% in June alone and went up 41.6% for the 12 months ending in June.
Read more »
Inflation hits another 40-year high, a senator accused of transphobia, and more trending topicsSurging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, Republican Sen. Josh Hawley of Missouri was accused by a law professor of engaging in a line of transphobic questioning. Get that and…
Read more »
Inflation reaches 9.1%, Highest Increase in the Last 40 Years - Alabama NewsIn a recent study conducted by Smartest dollar residents in Montgomery have seen a wage increase of about 3.1%. Meaning people are getting paid more money now than they were before and during the start of the pandemic.
Read more »