Get ready to pay more: Electricity prices jump to 63% from April 1st
With effect from April 1, 2023, the Energy and Petroleum Regulatory Authority (EPRA) has announced a considerable hike in electricity rates. Those who use fewer than 30 units will now pay KES 12, an increase from KES 10, while those who use between 11 and 10 units will now pay KES 15.80.
Shrinkflation is Here, and Shoppers Are Getting Shortchanged
That sinking feeling you get upon opening a bag of chips that's nothing but air? Rising prices aren't all embattled American consumers have to battle. Shrinkflation is on the prowl.
After Recession What Next: Preparing for the Future
After Recession What Next: Preparing for the Future. The world economy is cyclical and has experienced several recessions over time. The most recent recession caused by the COVID-19 pandemic has left the world with many uncertainties.
Cuts in insulin prices, another relief for people in need
Insulin prices have been a source of financial struggle for many Americans, but this month, the three largest insulin makers in the United States — Eli Lilly, Novo Nordisk, and Sanofi — announced they would cap or cut the cost of many of their insulin products. The announcement followed pressure from President Joe Biden, lawmakers, and advocacy groups who called on drug companies to lower the cost of insulin for everyone.
U.S. Pre-Owned Homes Cost More in February
Sales of used homes, or second-hand homes as they are also known, increased their costs during the past month of February. This was revealed by the National Association of Realtors (NAR) in its monthly study on the subject. The unexpected increase was 14.5%, after a 0.7% decline in the first month of the year.
California: natural gas reaches record high prices
Why is natural gas so expensive in California? Will prices go down? In a context in which the price of this product has reached historic values, we explain the reasons and the solutions for the future.
Egg prices continue to drop in latest grocery store price review
Where do you prefer to grocery shop? Aldi, Walmart, the mainstream grocery store?. Shoppers tend to be loyal to a particular store, we're creatures of habit after all. Some folks like Aldi because of the consistently low prices and name brands aren't a concern. Others favor Dillons because of the loyalty card and fuel points. Then there are those who do their regular grocery shopping at Walmart liking the one-stop shopping convenience for clothes, home & garden, and other general merchandise.
States with the lowest property taxes in the United States
Today in the United States there are territories where property taxes are paid below 1%. This figure is identified by calculating the current real estate market price and is updated every year.
U.S. to cut back on food assistance
The U.S. Supplemental Nutrition Assistance Program (SNAP) will reduce its emergency distribution by the end of February 2023. This assistance was reaching families in 32 regions of the country and will be reduced by an average of $90.00 USD starting in March.
Several U.S. residents will receive increases in their minimum wages in 2023
Several U.S. territories began the current year with base pay increases. Many of the nation's regions will also raise it as 2023 progresses. Since 2009, workers' earnings have remained unchanged at a standard $7.25 USD per hour. Prior to that date, the minimum wage for employees was $6.55 USD an hour.
More than half of Americans spend their savings on everyday expenses
A recent study in the United States reveals that the inflation rate has affected the finances of 27% of Americans, who have to use their savings to pay for monthly expenses. The majority of respondents, specifically 54%, are using their savings to pay for everyday services and products, with food and housing rent being the most common expenses. According to Greg McBride, Bankrate's chief economic advisor, families' financial planning has been altered by inflation over the past two years, with citizens facing the largest inflation in 40 years.
Stock up on olive oil before prices really jump
It's a kitchen staple in most American households, but olive oil will most likely be in short supply and much higher in price by the end of the year. European producers of olive oil are facing a major shortfall in production as a result of the heatwave that hit the continent in 2022. An estimated 80% of the world's olive oil comes from European countries such as Spain, Italy, and Greece.
Grocery prices steadily increasing- no sign of inflation going down. Start shopping on a budget!
Grocery shopping is an essential part of life. Whether you’re stocking up for the week or just grabbing a few items, it’s important to stay within budget. Unfortunately, prices for groceries are continuing to rise, making it harder and harder to get the food you need without breaking the bank.
Grocery Store Prices, a side-by-side comparison
Where do you prefer to grocery shop? Aldi, Walmart, the mainstream grocery store?. Here's this week's side-by-side comparison of grocery store prices for Aldi, Walmart, and Dillon's (Kroger, a.k.a. the mainstream grocery store).
Start of current year in U.S. brings cheaper vehicle rates
U.S. auto trade consultant Cox Automotive shared statistics that indicate a discrete decrease in prices as the year begins. In the month of January 2023, the average sales value (ATP) of a new car was at $49 388.00 USD.
$75 Million Pork Price-Fixing Open Class Action Settlement
What is the Pork Price Inflation Open Class Action?. A $20 Million class action settlement has been agreed upon, and approved. The original class action lawsuit alleges that indirect purchasers of pork products, such as seaboard foods and triumph foods, had paid higher prices as the result of price fixing. The details of the filed class action lawsuit allege that JBS USA Food Company, and their "co-conspirators" combined efforts in order to fix prices, raise them, maintain the fixed prices, and stabilize the price of certain pork products as of at least January 1, 2009.
New Jersey SNAP Benefits Undergo Changes in March 2023: Here's What You Need to Know
February 2023 is the last month households enrolled in the NJ Supplemental Nutrition Assistance Program (SNAP) will receive emergency SNAP benefits. New Jersey Supplement Nutrition Assistance Program (SNAP) recipients are set to receive a change in their monthly benefits as the emergency support provided by the federal government during the COVID-19 pandemic is set to expire in February 2023.
Egg Prices Reach Luxury Levels: Accusations of Price Gouging Against Top Producer
Egg prices have risen dramatically in the past year, with the average cost of a dozen eggs in the U.S. increasing from $1.79 in December 2021 to $4.25 in December 2022. This price increase is largely due to inflation, rising feed costs, supply chain issues, and the Avian flu outbreak, which has resulted in the loss of 58 million birds in the past year, 40 million of which were egg-laying hens.
Should we get Backyard Chickens in Colorado or wait for prices to drop?
Colorado--Let's talk about ridiculous egg prices and having chickens at home. Chickens don't lay eggs their whole life. Chickens are abandoned every year. Do you think Coloradan's should get backyard chickens?