'Can't catch a break': Shoppers squeezed by surging inflation and higher interest rates
- A monthslong inflation surge, triggered by the Iran war, has driven costs nationwide for gasoline, groceries, and borrowing. Treasury rates hit their highest level in nearly two decades earlier this month before the Federal Reserve raised benchmark borrowing costs.
- Grocery prices have increased more than 20% over the last five years, U.S. Bureau of Labor Statistics data showed. AAA reports gas prices reached $4.47, a 50% jump since the war began.
- Law student Drew Davis noticed beef and chicken prices climbed $1 or $2 since beginning law school three years ago. Semi-retired worker Steve Prentice in Tennessee noted gas prices above $4, the highest he can recall.
- Kelsey Benson in Queens, New York, saw her medication costs jump from $120 to $500 after being laid off earlier this month. Rising rent and utility costs compound her financial strain, complicating plans for homeownership.
- Shoppers expect inflation to rise even more over the next year, according to a recent University of Michigan consumer survey. Financial analyst Ted Rossman at Money Management International warns people feel they cannot catch a break.
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Connect FM | Local News Radio | Dubois, PA‘Can’t catch a break’: Shoppers squeezed by surging inflation and higher interest rates
(NEW YORK) - Kelsey Benson said she was laid off from a job in sales earlier this month, leaving her without health insurance at a time when price hikes are weighing on the rest of her budget. The monthly out-of-pocket cost of Benson's name-brand medication [...]
‘Can’t catch a break’: Shoppers squeezed by surging inflation and higher interest rates - Regional Media News
(NEW YORK) - Kelsey Benson said she was laid off from a job in sales earlier this month, leaving her without health insurance at a time when price hikes are weighing on the rest of her budget. The monthly out-of-pocket cost of Benson's name-brand medication [...]
'Can't catch a break': Shoppers squeezed by surging inflation and higher interest rates - The Pulse of NH
A customer purchases gas at a station, Sept. 15, 2026, in Chicago. (Scott Olson/Getty Images)(NEW YORK) -- Kelsey Benson said she was laid off from a job in sales earlier this month, leaving her without health insurance at a time when price hikes are weighing on the rest of her budget.The monthly out-of-pocket cost of Benson’s name-brand medication for attention deficit hyperactivity disorder jumped from $120 to $500, she said. That sudden expen…
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