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Yahoo
3 days ago
- Business
- Yahoo
Inflation at the grocery store down, but it doesn't feel like it
(WHTM) — Inflation is at its lowest level in three years and some food items are getting cheaper, but it may not feel that way. We're now in grilling season, and you probably noticed higher beef, chicken, and ground beef prices this Spring. But, some other grocery prices are actually down. Oreo maker Mondelez sues Aldi, alleging grocery chain copies its packaging to confuse customers A Texas A&M survey finds boneless chicken breasts are $1/lb higher than last year. Never mind steak: ground beef prices have hit a record high of $5.80/lb according to the Bureau of Labor Statistics, meaning peak prices for peak grilling season. From the 'Doesn't That Stink' file, why lower grocery inflation doesn't feel like lower inflation. The latest government numbers show egg prices are down sharply the past two months. Pork, bacon, and orange juice prices are down too. The result: grocery inflation is up just 2.8% in 2025, but if you're grilling out, it's not going to feel like it. Download the abc27 News+ app on your Roku, Amazon Fire TV Stick, and Apple TV devices So, while that steak or chicken breast is going to cost you more right now, other items are offsetting some of that sticker shock. Find more stories on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-05-2025
- Business
- Yahoo
Ruined your wedding dress? Here's how DoorDash can help your wedding emergency
(WHTM) — June is traditionally the biggest wedding month, but many couples are rethinking the traditional big wedding ceremony, and the industry is meeting those needs. With weddings costing tens of thousands of dollars, more and more couples are skipping the big reception and going small. Some are getting married on a moment's notice. If so, one bridal chain wants to help. 'This would be one of our off-the-rack little white dresses,' says Tasha Ruphard, who has an unconventional solution for brides who have decided on a last-minute wedding. A DoorDasher can pick up an item that's in stock in your size and color and deliver it to your home. David's Bridal partnered with DoorDash to deliver dresses as quickly as a fast food meal!Of course, brides have been able to order online for years, but when is that dress going to show up? Well, with DoorDash, you should get it within an hour. From jewelry to last-minute bachelorette party accessories, the platform has mostly inexpensive dresses that you order after some simple measurements. Of course, don't expect custom tailoring here at the alterations shop, St. Claire's Closet. Owner Elizabeth Stockhauser has fixed plenty of online dresses that were a poor fit. 'There are less layers in there, less foam, the pads are a little cheaper, sometimes you get a look that doesn't quite fit right,' said Stockhauser, who has a lot of concerns with buying any wedding dress online, even if it is not last. 'The fabric or the cut is not what it looks like on the model, so you have to watch out, sometimes pictures are not the same product. Instead, she says, try your local bridal salon for samples or off-the-rack dresses, or buy a dress secondhand at a consignment or used clothing boutique. But bride-to-be Toni Goldsmith loves the idea of DoorDash if a detail slips through the cracks. 'I think that would save a lot of bridezillas from happening, if they were able to have that,' said Goldsmith. 'While you may not want to doordash your wedding gown. It's a great way to get that last-minute item someone forgot, when you are already at the church.' It may not be perfect, but it beats taking that wedding photo in a sweatshirt and shorts, and way you don't waste your money. Find more stories on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-05-2025
- Business
- Yahoo
Consumer confidence down yet spending up amid tariff threat
(WHTM) — A number of new government reports claim that consumer confidence is down this month. So, why are shoppers still spending like it's 1999? It's hard to tell these days if consumers are feeling up or down. Many have been rushing to beat possible tariffs. You may have seen or heard the headlines, 'Consumer Confidence Plummets… It's Lowest Level Since 2020.' Richard Barlion, owner of Barlion's Fish Market, is not surprised. His customers are noticing fish prices starting to rise. 'Definitely everything is starting to tick up a little bit,' Barlion said. Many consumers are nervous about even higher prices soon. But, a new federal reserve report finds that tariff fears have actually fueled consumer spending in the past month. Sales are up on clothing, new cars, appliances, and almost everything made in Chine as shoppers rush their purchases for the year to try to avoid any tariff price hikes. So, from the 'Doesn't That Stink' file, all the uncertainty around the economy right now. Will prices soon go up from tariffs, or will it all blow over with a new economic boom later this year? Hard to say, all we know is that the latest government number show confidence down but spending up, something that has rarely happened in the past. Download the abc27 News+ app on your Roku, Amazon Fire TV Stick, and Apple TV devices Now, if tariff negotiations make all this uncertainty go away, analysts say consumers should quickly start feeling better about their finances. Find more stories on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-05-2025
- Business
- Yahoo
As Rite Aid locations begin to close, local pharmacies across the country struggle
(WHTM) — The economic troubles at Rite Aid have been well-documented, as locations here and nationwide are closing. Many local independent pharmacies are struggling, as well. Another day, another pharmacy closing. It is happening nationwide, and leaving communities with fewer and fewer local pharmacies. Are there any solutions? It's a tough time at the Newport Drug Center, as employees say goodbye to longtime customers. This 100-year-old store posted on Facebook that it is the latest pharmacy to close. 'Everybody's sad,' said co-owner Randy Lange. 'All the customers are telling us how they are going to miss us, how they love it here.' Lange says he's been squeezed out by insurance companies and benefits managers. 'We are out of control of our own pricing,' said Lange. 'They can lower it down to whatever they want, and in the last year, they lowered it down below the actual cost.' It's a national trend: thousands of pharmacies across the country say it's become too tough to make a profit, and they have been forced to close their doors. Kris Krese of the National Association of chain drug stores says benefit managers, middlemen essentially, are supposed to lower costs for consumers, but he says the fees they charge pharmacies have skyrocketed. 'When you look at the PBMs, they're profits, or I should say their revenues, have doubled for the past two decades,' said Krese. A proposed bill in Congress, sponsored by both Democrats and Republicans, would regulate PBMs and help small drug stores. But here, help would be too late, frustrating longtime customers like Bev Holiday.'They mean so much to us, and it was a sad note yesterday when we heard that.'What you can do is support your local pharmacy, if you still have one, which could help them stay in business. That way, you don't waste your money. Find more stories on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-04-2025
- Business
- Yahoo
Mortgage rates soar, tariffs threaten to push home prices even higher
(WHTM) — Just when it seemed the housing market was starting to show signs of life, mortgage rates are up again, and tariffs are threatening to make new homes and remodeling more expensive. Karisma Hazel is hoping to buy a home this spring. Her realtors, Steve and Denise Taylor, showed her a just-rehabbed starter home, but prices are high, mortgage rates are back up near seven percent, and inventory remains low. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'We saw one that we loved, and before we could submit an offer, it was off the market,' Hazel said. High prices on existing homes are not the only concern. Home builder Ben Fry says if you are thinking of buying a new home, you might want to sign that contract soon. 'Some of those tariffs could add tens of thousands of dollars to the pricing of new homes,' Fry said. Tariffs are already sending the price of Canadian lumber, as well as fixtures and cabinets, from China up. Even if tariffs are removed, those high prices can be sticky, according to Alan Hendy, CEO of Neal's Design and Remodeling. 'We found plumbing fixtures and some other items are a little harder, slower to come down,' Hendy said. Customers at a recent home expo realized prices are high after four years of higher inflation. Homeowner Rebecca Karen is going ahead with her home project, hoping to beat any tariff price hikes. 'We have a half bath we want to remodel,' Karen said. Download the abc27 News+ app on your Roku, Amazon Fire TV Stick, and Apple TV devices Remember, you are in a home long-term. You can always refinance in the future at lower rates, so keep looking so you don't waste your money. Find more stories on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
