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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 …

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

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