inflation

Travel costs fell in July. Here’s how you can score a good deal

Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging such as hotels declined 9.5% and about 3%, respectively, …

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Lower Prices Offer Americans Slight Reprieve From Inflation

By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, although overall inflation is still running at close to its highest level in four decades. Consumer prices jumped 8.5% in July compared to a year earlier, the government said …

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The easing of inflation pressures is giving the economy some breathing room, for now

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US, June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to US economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat …

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US inflation slips from 40-year peak but remains high 8.5%

WASHINGTON (AP) – Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June. Consumer prices jumped 8.5% in July compared with a year earlier, the government said …

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Despite Inflation, Most Americans Are Planning A Summer Vacation

Despite inflation, travelers can still find value. Hawks Cay Resort As spiraling inflation continues to affect American households, many families are left wondering if a summer vacation is possible this year. However, a recent survey from The Vacationer shows that 80% of American adults plan to travel this summer. It also includes the 45% who …

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How to budget for that long-awaited summer vacation

In addition to figuring out how much a vacation will cost, clients need to account for travel insurance coverage and extra funds set aside for unexpected costs related to flight cancellations such as hotel costs, extra clothing or necessities.CandyRetriever/iStockPhoto/Getty Images Are you a professional financial advisor? Register for Globe Advisor and then sign up for …

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Credit card balances spike after stimulus checks helped reduce debt

For many Americans, the pandemic-induced slowdown offered a rare opportunity to better their financial standing. Government stimulus checks and fewer opportunities for spending drove the personal savings rate to a level not seen since World War II, with many consumers using the extra cash to pay down debt – primarily their credit card balances, which …

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Credit card usage surges amid record inflation

There’s no doubt Americans are falling deeper in debt. As prices jump across the board, consumers are increasingly relying on credit cards to make ends meet. The number of people with credit cards and personal loans hit record highs in the second quarter of 2022, according to TransUnion’s latest credit industry insights report released Thursday. …

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