Inflation didn’t treat all categories equally in 2022
December 28, 2022
Consumer prices for groceries rose 12 percent year-over-year as of November, according to Labor Department data, and for those that like to bake, the news was worse — flour cost nearly 25 percent more and egg prices shot up almost 50 percent. And yet some product categories were less affected — meat only rose about 1 percent — and some actually became more affordable. TVs were on average 17 percent cheaper in November vs. the previous year period.
Recent News
Tech Experts Claim Multimodal AI Is the Next Big Thing
In the ever-evolving landscape of technology, there’s a new contender stealing the spotlight: multimodal AI.
McDonald’s May Be Ending Its Free Drink Refills
The days of patrons refilling their own cups will be over by 2032.
Trump Embraces Cryptocurrency to Mixed Responses
Former President Donald Trump’s recent embrace of the cryptocurrency market has stirred both excitement and skepticism within the industry.
Bumble Is Sorry for Ads That Mock Celibacy
The dating app is in hot water for its newest ad campaign.