Personal Finance
Better Finances for a Better You
Topic: "Inflation"
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information about your money.
Infographic of the week
Mapped: How Much Americans Spend on Groceries in Each State
Since August 2020, prices for “food at home” (groceries) have increased by 20% according to data from the Bureau of Labor Statistics, the steepest inflation seen since the 1970s. On average, American households are paying about $270 per week ($1,080 a month) for groceries, according to Delish, which sourced their findings from the latest Census Bureau estimates.
U.S. States by Weekly Grocery Bills →Did you know?
The purchasing power of $100 U.S. can vary by as much as 26% from state to state. California has the lowest purchasing power ($87.50), while Arkansas has the highest ($113.40).
The Purchasing Power of $100 in Each U.S. State →Word of the week
Purchasing Power
Purchasing power refers to the amount of goods or services that can be purchased with a unit of currency at a specific time. Over time, inflation reduces the purchasing power of a currency.
Understanding Purchasing Power and the Consumer Price Index →Budgeting
With higher housing, transportation costs and food prices, many people feel the effects of inflation each time they open their wallets.
Budget Busters — The Impact of Inflation on Everyday Life By Amanda Reaume →Saving
Grocery shopping can be expensive, especially if you have a lot of mouths to feed. Here are eleven tips you can follow to save money on your next grocery run.
11 tips for saving money at the grocery store by Alexandria White →Infographic of the week
Charted: Average Wage Growth in G7 Countries (2000-2022)
Average wage growth is a key sign of how well a country’s economy is doing. When wages rise, it typically signals that businesses are thriving and can afford to pay their employees more, which in turn boosts consumer spending and stimulates further economic growth.
How does your wage growth compare? →Infographic of the week
Mapped: The Income a Family Needs to Live Comfortably in Every U.S. State by the Visual Capitalist
This was originally posted on the Voronoi app. Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably. This visualization illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.
The income a family needs to live comfortably in every U.S. State →Infographic of the week
Mapped: Inflation Projections by Country, in 2024
While inflation looks to be easing, there remains the risk of a second wave of price pressures driven by geopolitical conflicts and supply disruptions in the Red Sea. Adding to this, a stronger than expected labor market could drive consumer demand, pushing up higher prices. This graphic shows 2024 inflation projections around the world, based on forecasts from the International Monetary Fund (IMF).
Inflation Projections, by Country in 2024 from the Visual Capitalist →Did you know?
Americans spend $779 on food per month, with almost two-thirds being spent on groceries ($475) and the rest on eating out ($303), according to the Bureau of Labor Statistics' Consumer Expenditure Survey.
American Households' Average Monthly Expenses →Word of the week
Consumer Price Index (CPI)
A measure of the average change over time in prices paid by consumers, for a basket of consumers goods and services.
Why the Consumer Price Index (CPI) is Important →Saving
Love in the time of inflation: How to manage rising costs when dating
Podcast: Stress Test by columnist Rob Carrick on creative ways to meet the love of your life - while spending less →Did you know?
Canada’s Food Price Report 2023 predicts Canadian families will spend up to $1065 more on food than in 2022.
See predictions on annual food expenditures for individual consumers based on their age and gender. →Did you know?
Nearly 3 in 4 Canadians report rising prices impacting their ability to meet day to day expenses in 2022, according to StatsCan.
See where you can save more money →Did you know?
Canadian gasoline prices dropped year over year for the second consecutive month in March (-13.8%), the largest yearly decline since July 2020.
Statistics Canada has an interactive tool that allows you to explore your personal rate of inflation, based on the goods and services you consume →Did you know?
Asking rents in Canada increased 9.7% annually to an average of $1,984 in February. The annual rate of rent inflation has been moderating since reaching a high of 12.4% in November 2022.
Learn how much rent inflation has grown in your neighbourhood →Word of the week
Inflation
Inflation is a persistent rise in the average level of prices over time.
Price check: Inflation in Canada →Infographic of the week
How much more are groceries costing you this year?
Mapped: Which Countries Have the Highest Inflation?
See how Canada compares to the rest of the world →Did you know?
According to Canada's Food Price Report for 2023, a family of four will spend $16,288.41 on food this year ($1,357.37 a month) —that's up $1,065.60 from 2022.
Learn about how to start monitoring your food spending with Neontra →← Curating the web to find the most interesting and helpful information about your money.