Wednesday, May 10, 2023

The Daily Money: Grocery prices are coming down 🎉

Meat, fish and eggs are cheaper than they were. But grocery prices are still up from this time last year. Tips on how to save money at the register.
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed May 10 2023

 
Here's why egg and other food prices are soaring across the US

From eggs to butter, grocery prices are still on the rise in 2023. Here's what that means for the U.S. economy.

Just the FAQs, USA TODAY

Inflation slowed for a tenth straight month in April. And that included grocery prices which declined for the second straight month.

Meat, poultry, fish and eggs – EGGS! – are cheaper than they were. What a relief, right?

Yes, but grocery prices are still up from this time last year. And the cost of eating when you're not at home has gone up, too.

If you look over the last year or so, we've been telling people we expect as you get further during the year, inflation will continue to decline year-on-year," Kroger CEO Rodney McMullen told Good Morning America. "That doesn't mean it will go down a lot but the rate of increases will slow down."

Wholesale Clubs

Need help saving money on groceries? USA TODAY has you covered.

Reviewed/Sam's Club/Walmart/Kroger/Costco/Getty/gahsoon/PixelsEffect

FMI's national survey shows "persistent consumer concern about food and beverage prices," according to Leslie Sarasin, CEO of FMI. "To address higher prices, shoppers are visiting more stores and seeking deals to stretch their dollars but are now less likely to cut back on the number of items purchased compared to six months or a year ago."

Need some help saving on groceries? USA TODAY has you covered.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Large, blue Intel logo in the form of a sculpture in a plaza at the company's headquarters.

Chip manufacturer Intel declined to share how many workers would be affected but said the layoffs would take place "across the company."

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Mike Abbott, former vice president of Engineering for Apple's Cloud Services division, will join GM as executive vice president of Software, effective May 22, 2023. He will report to CEO Mary Barra.
 

GM hires former Apple exec to run software unit

As GM looks more toward becoming a software company that makes cars, it has created a new position for an experienced tech expert from Apple.

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Social Security recipients likely to get smaller bump in their 2024 checks

As inflation eases, so will retirees' annual cost of living adjustment for 2024. How small could the increase be and how will seniors fare?

The Starbucks logo is displayed in the window of a downtown Pittsburgh Starbucks.
 

Starbucks is charging $1 extra to customize this drink

Starbucks will charge you an extra $1 if you order one of its popular fruity Refreshers drinks with no water. Ice or light ice is no extra charge.

Security guards let individuals enter the Silicon Valley Bank's headquarters in Santa Clara, Calif., March 13, 2023.
 

Banks have tightened lending criteria after Silicon Valley Bank crisis

Banks have made it tougher for consumers and businesses to get loans after SVB crisis, according to Fed's Senior Loan Officer Opinion Survey.

Hyundai and Kia are telling the owners of nearly 485,000 vehicles in the U.S. to park them outdoors because they can catch fire even if the engines have been turned off.
 

Hyundai, Kia thefts keep rising despite security software campaign

Data from seven U.S. cities shows that the number of Hyundai and Kia thefts is still growing despite the companies' anti-theft software campaign.

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Goldman Sachs pays $215 million to settle lawsuit for underpaying women

In addition to Goldman Sachs paying women less then men, plaintiffs described how male supervisors allegedly created a "boy's club" culture.

A house for sale in Sioux Falls, South Dakota, in July is shown. Across the United States, communities reported fewer house sales than they had a year ago as rising interest rates and high prices make it harder to afford a home.
 

Where did home prices go up in the first quarter of the year? See list

Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the first quarter.

Ryan LaGrander, his father,  Randy, and grandfather, Dannie, were three-generation cheesemakers at LaGrander's Hillside Dairy, shown in a photo a few years ago. Dannie and his wife, Lorraine, bought Hillside Dairy in 1960 and moved it to Stanley, where it has grown significantly. Dannie died in 2021.
 

Third-generation WI cheesemaker gets a new master certification: curds

Ryan LaGrander is a third-generation cheesemaker and just the second person ever to become certified as a Master Cheesemaker in cheese curds.

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Make fluffier, softer pancakes with this simple trick

Pancakes are one of the easiest recipes to execute, but they're not all created equal. Here's how to make pancakes fluffy with one simple trick.

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