Inflation reached an all-time peak in June (9.1%), which is the highest it’s been in 40 years.
Gas prices, groceries, as well as other living expenses have continuously been increasing throughout 2022, and many states have been responding to this by providing inflation-relief checks to their residents.
According to the labor department, and reported by CNBC:
• Medical care services: 5.6%
• Food away from home: 8%
• Food at home: 13.5%
• Electricity: 15.8%
• Gas: 25.6%
• Shelter: 6.2%
• New vehicles: 10.1%
• Airline fares: 33.4%
• Apparel: 5.1%
• Used cars and trucks: 7.8%
17 states have been making a conscious effort in giving out some form of inflation relief to their residents.
In California, millions will be recieving an inflation relief check of up to $1,050 as either direct deposit or in the mail as a debit card.
In Colorado, residents that have filed their 2021 return by June 30 will most likely get a physical check for $750 by September 30.
In Delaware, Gov. John Carney approved a Relief Rebate Program in April, and a $300 stimulus check was cut for all residents who filed their 2020 tax returns.
In Florida, nearly 60,000 Florida families received one-time payments of $450 per child.
In Georgia, single taxpayers received $250 in May, with heads of households getting $375 and married couples filing jointly netting $500.
In Hawaii, residents who earned under $100,000 in 2021, or $200,000 if they file jointly, are receiving a $300 tax rebate this year.
Additional states that are sending out stimulus checks are the following: Idaho, Illinois, Indiana, Maine, Massachusetts, New Jersey, New Mexico, New York, South Carolina, and Virginia.
Also, according to CNBC, Pennslyvania is also offering inflation-relief checks to low-income homeowners.