The Daily Money: Inflation is easing but Americans are not feeling it

Since February 2020, overall prices have jumped nearly 17.5%, which means what cost you $100 before the pandemic now costs you about $17.50 more.

Advertisement Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Wed Sep 6 2023 Swapna Venugopal Ramaswamy |  National Housing and Economy Correspondent @SwapnaVenugopal Happy Hump Day, TDM readers! This is Swapna Venugopal Ramaswamy bringing you today's top headlines. If you are not feeling the effects of the easing inflation, you're not alone. Just because annual inflation has cooled from a four-decade high of 9.1% in June 2022, that  doesn't mean prices have dropped. In fact, prices are still rising, last at a 3.2% clip in July.  Prices for household cleaning products have risen almost 24% since February 2020, according to the Bureau of Labor Statistics.  The Fed has been trying to tame inflation since 2022 AP Illustration/Peter Hamlin, AP Since February 2020, overall prices have jumped nearly 17.5%, which means what cost you $100 before the pandemic now costs you about $17.50 more.  So what's causing the high prices to stay? Extreme weather, the war in Ukraine and a worker shortage  have all contributed to inflation remaining sticky. 📰 More stories you shouldn't miss 📰 Top workplaces: Here's your chance to be deemed one of the top workplaces in the U.S. Bring the bikini, leave the kids: 4 things to know about sailing with Virgin Voyages Chuck E. Cheese to give away 500 free parties to kids on Sept. 7, ahead of most popular birthday Have you flown on Allegiant? Avelo? What to know about small airlines Nearly 145,000 Kia vehicles recalled due to potentially fatal safety hazard. See the list. Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version. Chuck E. Cheese to give 500 free parties ahead of most common birthday Participating locations will hold a live giveaway where one lucky winner will win the "Ultimate Fun Party Package" for up to 10 kids. READ MORE Advertisement Top workplaces 2024: Is your company one of them? Enter the competition Energage's Top Workplaces 2024 competition enables employees to weigh in on whether their organization is among the best to work for. READ MORE Nearly 145,000 Kia vehicles recalled due to major safety hazard Mounting clips for the rearview camera on some Kia's can break, which can cause the image not to appear properly on the display, prompting the recall. READ MORE Finding recently deleted texts on your iPhone is easier than you think iPhones have a dedicated inbox where deleted text messages are stored for 30 days before they are actually deleted. Here's how to find it. READ MORE Disney+ deal: Stream for $1.99 monthly for three months; offer ends Sept. 20 Get the Disney+ streaming service with ads for $1.99 monthly for three months; order by Sept. 20. The deal comes ahead of a Disney+ price increase. READ MORE Phoenix airport concession workers could go on strike at any moment More than 400 cooks, baristas, bartenders and concession workers employed by SSP American at Phoenix Sky Harbor International Airport could walk out. READ MORE 'It's unacceptable': Passengers told to sit in vomit-covered seats Air Canada issued an apology after a viral Facebook post called them out for forcing passengers to sit in vomit-covered seats. READ MORE Tom Brady partners with Delta Airlines as strategic advisor in multiyear deal Tom Brady and Delta Airlines have announced a deal in which the former quarterback will serve as a long-term strategic advisor to the company. READ MORE Are smaller airlines the better option? | Cruising Altitude Is Avelo a good airline? What about Breeze? What to know about flying Smaller airlines: Allegiant, Avelo, Breeze and Sun Country. READ MORE What to know about sailing on Virgin's adult-only cruise Virgin Voyages is aiming for the modern traveler looking for easy, personalized experiences. Here are four things that make a Virgin cruise different. READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback