Ice cream hit by two scoops of inflation
Why it matters: At the height of summer, prices for America's go-to frozen treat are hitting new highs, according to federal data.
The big picture: The average price of a half gallon of ice cream was $6.49 in June, up nearly 6% from June 2024, per the latest data from the U.S. Bureau of Labor Statistics via FRED released Wednesday.
The price of a half gallon is up nearly 33% since June 2021, when it was $4.89.
Zoom in: Soaring ingredient costs, extreme weather and hot demand are fueling the higher prices.
By the numbers: Americans spent $289 on ice cream in 2024 and $170 in the first five months of 2025, according to data from Empower.
Americans spent $31 on ice cream in May 2025, a 26.5% jump over April 2025, Empower found. Gen Z spent nearly double any other group, forking over an average of $63.20 in May.
Millennials purchased $33, Boomers, $32.60, and Gen X, $25.10, in May, per Empower.
The average American eats roughly 19 pounds of ice cream each year, or about 4 gallons, per the International Dairy Foods Association.
National Ice Cream Day deals and freebies
Dig in: Deals and freebies at certain restaurant chains on National Ice Cream Day can provide some relief from the inflationary pressures. The day is marked annually on the third Sunday in July.
Here are some of the deals available on Sunday, July 20:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
37 minutes ago
- Miami Herald
Nearly 95% of homebuyers in this major US city want to move away
Stop us if you've heard this before: People are increasingly choosing affordable living in the suburbs over big-city living and amenities. A surge in pandemic-driven remote work is mostly behind the shift in the last half decade, but rapidly rising average home ownership costs are equally to blame in recent years. Don't miss the move: Subscribe to TheStreet's free daily newsletter Stagnant interest rates, tariff uncertainty and growing housing inventory across the U.S. continue to paint a hazy picture of what's next for the residential real estate market. Still, who among us hasn't channeled our inner Wilson from "Home Improvement" and peeked over the proverbial Zillow, Redfin, or fence on occasion? Realtor's recently released Q2 2025 cross-market demand report shows shoppers are browsing outside of their current market nearly 60% of the time. That metric has grown from 48.1% of all listing views in Q2 2019 to 58.9% last quarter. That was down just a tick from 59.8% in Q1, though. Related: Top 5 states where foreign buyers are scooping up US real estate Among the four major U.S. regions, residents in Western states are most guilty of peeking across city limits - 65% of the time - as has been the case for the trailing six years. However, the Northeast isn't too far behind, as affordability in densely populated spots like Boston, Providence, and New York remain unsustainable for many. Still, a major California city held claim to the highest percentage of residents ogling listings outside of where they currently call home. Digging into the data, Q2 report pinpointed San Jose-Sunnyvale-Santa Clara, California, as the No. 1 metro losing popularity among local residents. A whopping 93.7% of home shoppers in the area are looking for their next residence outside of the metro. More News: Moody's drops 2-word warning on housing marketHomeowners can earn new cash-back rewards on mortgage payments soonDave Ramsey has blunt advice on bankruptcy for Americans buying a home now "Specifically, around 60% of views were to other parts of California, while nearly 35% targeted properties in other states," Realtor's Jiayi Xu wrote. "The most popular in-state destination was San Francisco, while Reno, NV, led among out-of-state views." Located 50 miles southeast of San Francisco, San Jose's population sat just north of one million people in the most recent 2020 U.S. census, making it the 10th largest city in the U.S. While this trend is eye-popping, this isn't exactly anything new, considering San Jose held down the top spot in the country in Q2 last year as well. The same holds true for the No. 2-ranked (with 86.4%) locale, Washington, D.C. Rounding out the rest of the top 10 metros losing homebuyers' interest last quarter were Seattle (80.5%), Salt Lake City (77%), Stockton (72.9%), Durham/Chapel Hill (72.6%), Chicago (72.6%), Denver (72.1%), Boston (72%), and New York/Newark (71.7%). Boston was the fast riser year-over-year, jumping from No. 26 to No. 9, all while Massachusetts' capital city also ranks No. 4 overall when zooming out over the past six years. Related: Former Warren Buffett exec makes bold real estate bet The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
an hour ago
- Yahoo
National Ice Cream Day Is On July 20, And These Are All The Places You Can Score Free Cones And Sweet Discounts
Is it really summer if you're not grabbing some ice cream after dinner at least three times a week? Answer: No. Lucky for all of my fellow sweet treat lovers, you can get tons of ice cream deals on Sunday, July 20, aka National Ice Cream Day. From BOGO offers to free toppings to places that will literally just hand you a free cone for walking in (no catch), here are all the places you'll want to check out on this very important holiday. 1.16 Handles — Download the app to claim your free fro-yo (up to $5). Frozen yogurt chain 16 Handles is giving away free ice cream through its rewards app. Just download the app to claim your free frozen treat (up to $5) at participating locations. King — Royal Perks members get a free soft serve with the purchase of $1 or more. Looking for something to cool you down after that Whopper? Sign up for Burger King's Royal Perks and you'll get a free soft serve with your $1+ purchase. — Get $5 off orders of $20 or more that are placed through third-party delivery. View this photo on Instagram Dots — Get a free mini cup of Dippin' Dots during a two-hour window at participating locations. View this photo on Instagram x Ben & Jerry's — DashPass members get $5 off two pints of Ben & Jerry's ice cream. View this photo on Instagram Queen — Get a free Dilly Bar with any order of $1 or more placed through the DQ App or website. View this photo on Instagram — Get a free Bon Gelati or Gelatelli frozen product when you spend $40 or more. Your weekly grocery run just got a whole lot more interesting. Lidl is giving away free Bon Gelati or Gelatelli frozen treats when you clip the coupon in the MyLidl app after spending $40 in-store. — Join the Friendly's Fan Club Rewards program for a free cone or dish of ice cream. View this photo on Instagram — Sweet Rewards Loyalty Program Members can get a single-dip sugar cone for $1.55. View this photo on Instagram — Customers have the option to add Sundae Fudge Sauce to any order for free. View this photo on Instagram Slab Creamery — Loyalty members receive a free small ice cream (valid for seven days). View this photo on Instagram — Get a free ice cream pup cup in-store. View this photo on Instagram — Target Circle members can get 50% off one Talenti pint after purchasing one at full price. View this photo on Instagram Leeuwen — Enjoy $3 scoops of the iconic Honeycomb ice cream from 12 p.m.–2 p.m. EST. View this photo on Instagram — Get a free small Frosty with any purchase through the Wendy's app. View this photo on Instagram Let us know which ice cream you'll be scooping up this Sunday! (Bonus: Comment your favorite ice cream flavor.) If you prefer to make your own frozen treat, download the free Tasty app to browse and save some of our favorite ice cream recipes — no subscription required.
Miami Herald
an hour ago
- Miami Herald
Warren Buffett's Berkshire Hathaway predicts major housing market shift soon
First-time homebuyers have struggled with the housing market over the last few years, as affordability worsened and the supply of available homes dwindled. The majority of those shut out from the housing market have been younger buyers, preventing Gen Z and Millennials from reaching a key financial milestone. However, Baby Boomers have faced a more predictable and buyer-friendly housing market - with the exception of the 2008 subprime mortgage crisis. Don't miss the move: SIGN UP for TheStreet's FREE daily newsletter Now that the majority of Baby Boomers are approaching retirement and considering selling their homes to relocate, experts note it could up-end the housing market. Though high mortgage rates and stagnant housing activity have impacted older generations, younger generations have borne the brunt of the increasingly expensive housing market. Berkshire Hathaway HomeServices predicts that retired homeowners looking to downsize will compete with first-time homebuyers for smaller and more affordable homes. Affordability is the main barrier to homeownership for younger homebuyers, but many note that if mortgage rates dipped below 6%, it would improve conditions enough for them to buy a home. Although housing inventory levels are improving, many sellers are still holding off on listing their home until mortgage rates drop further, keeping the market in a holding pattern. "They [Baby Boomers] accumulated significant equity from staying in their homes and paying down their mortgages and benefiting from escalating home prices over the course of 13 to 16 years," The Berkshire Hathaway HomeServices blog wrote. "Just in the last five years, nationwide home prices have risen 47%. Yet, many boomers who remain in their homes have little financial motive to sell in a higher interest rate environment." More on homebuying: The White House will take surprising approach to curb mortgage ratesHousing expert reveals surprising ways to reduce your mortgage rateDave Ramsey predicts major mortgage rate changes are coming soonWarren Buffett's Berkshire Hathaway sounds the alarm on the 2025 housing market However, experts anticipate that when Baby Boomers finally decide to relocate for retirement and sell their homes en masse, Berkshire Hathaway HomeServices believes it will worsen the housing affordability crisis for younger generations. "As Boomers sell their homes and purchase smaller homes with cash, they are inadvertently making it harder for first-time and lower-income homebuyers to compete." Millennials and Gen Z will need to compete for homes with senior Baby Boomers, Gen Xers approaching retirement, and even institutional investors like Blackstone, which owns upwards of 60,000 residential single-family homes in its portfolio. "Along with institutional and foreign housing investors who intend to buy and hold or rent out the homes they purchase, Boomers are contributing to higher home prices by reducing inventories of smaller, newer, and/or more affordable inventory." As Baby Boomers age, they are expected to leave behind homes that many prospective buyers won't be able to afford. This could shake the already tenuous housing market, as demand among older and younger homebuyers shifts toward smaller and affordable homes. Berkshire Hathaway HomeServices notes that as Baby Boomers enter their golden years, they will no longer be able to manage large, expensive homes. Related: Bank of America predicts major housing market changes are coming soon "What boomers will leave behind as they vacate their homes, whether for alternative lifestyles such as assisted living, long-term care homes, and multigenerational living, or through loss of life, is a growing inventory of unoccupied homes and homes for sale," the blog continued. As affordability deteriorates and expensive home listings sit idle, housing experts worry that widespread surplus could implode market pricing. "Between 13.1 and 14.6 million boomers will abandon homeownership from 2026-2036, raising housing industry fears that such a large inventory of homes could lead to price collapses." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
