Categories
Entrepreneur Tips Entrepreneurship Course Home Based Business Marketing for Entrepreneurs Productitivity Small Business Funding Small Business Growth Small Business Ideas Small Business Lifestyle Small Business Marketing Small Business Tax Tips And Advice Small Business Tips & Strategies

Persistent inflation keeping grocery prices high for consumers [Video]

Persistent inflationary pressures in the U.S. economy have kept prices for groceries high even as inflation has eased somewhat in other sectors of the economy.

The Bureau of Labor Statistics’ monthly consumer price index (CPI) report for January released last week showed that prices for food at home – the classification for food bought at the store to be prepared at home – were up 11.3% compared to last year. That figure is well above the overall inflation number, which came in at 6.4% year-over-year as of January and is down from a 40-year high of 9.1% in June 2022.

The high cost of groceries hits fixed- and low-income families particularly hard. For those receiving Social Security, the 8.7% cost-of-living-adjustment (COLA)that took effect in January 2023 – which is the largest since 1981 and boosted the average monthly benefit by about $140 – still leaves beneficiaries with relatively less income for groceries compared to a year ago even with …

Watch/Read More

Most Popular Posts Today

Pete Tychsen, President and Founder of Preservation Financial Group Interviewed on the Influential Entrepreneur Podcast Discussing a Balanced Retirement Strategy [Video]
►
Categories
Entrepreneur Tips

Pete Tychsen, President and Founder of Preservation Financial Group Interviewed on the Influential Entrepreneur Podcast Discussing a Balanced Retirement Strategy [Video]

Pete Tychsen discusses the importance of a balanced retirement strategy   Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/pete-tychsen-president-and-founder-of-preservation-financial-group-discussing-a-balanced-retirement-strategy/ Pete Tychsen, president and founder of Preservation Financial Group, discusses the importance of having a balanced retirement strategy. Pete shares his journey into the financial services industry, which began after graduating from Florida State […]

Most Popular This Week

Rexford Cattanach, President of Keats Group, Interviewed On the Influential Entrepreneur Podcast Discussing Business Succession Planning [Video]
►
Categories
Entrepreneur Tips

Rexford Cattanach, President of Keats Group, Interviewed On the Influential Entrepreneur Podcast Discussing Business Succession Planning [Video]

Rexford Cattanach discusses the importance of business succession planning Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-rexford-cattanach-president-of-keats-group-discussing-business-succession-planning/ Rexford Cattanach, President of Keats Group, on the topic of business succession planning. Rexford shares his journey from Deloitte Consulting to specializing in acquisitions and compensation planning. He emphasizes the importance of implementing successful plans […]