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What got really expensive in 2022 and what got cheaper

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What got really expensive in 2022 and what got cheaper


(CNN) — It’s been a robust 12 months for U.S. customerswho battled decades-high inflation for almost all of the 12 months and even noticed fuel costs hit $5 in June.

The most recent inflation information, not adjusted for seasonal swings, reveals value hikes have now slowed to 7.1% for the 12 months by means of November, after hitting a pandemic-era peak of 9.1% in June, in accordance with the Bureau of Labor Statistics.

From Nov. 1 to Dec. 24, customers nonetheless needed to dig deep for items, with retail gross sales leaping 7.6%, unadjusted for inflation, in comparison with the identical interval final 12 months, in accordance with the Mastercard Spending Pulse, which tracks retail gross sales, excluding automotive gross sales. Vacation meals have been additionally costlier, and meals costs outpaced inflation all year long.

However whereas some objects noticed large double-digit will increase in 2022, others have been a deal. Right here’s how costs modified this 12 months.

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Electronics and main home equipment dropped

Client demand for big-ticket electronics has fallen not too long ago, main shops to low cost.

Within the 12 months by means of November, a number of main electronics bought cheaper: Smartphone costs plunged 23.4%, TV costs dropped 17% and computer systems bought 4.4% inexpensive.

The value of main home equipment fell 1%.

Earlier within the 12 months, chains like Finest Purchase and Walmart stocked up on merchandise, getting ready for provide chain shortages and what they projected to be strong shopper demand. However their plans have been derailed by inflation and slumping shopper confidence.

Plus, many customers had already made giant purchases or upgrades whereas caught at house early within the pandemic.

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Toys and attire grew modestly

Attire costs rose, however slowly. Clothes elevated 3.6%, whereas footwear rose 2.3%. Sporting items elevated 2.7% and toys 0.6%.

The will increase made these things a relative discount, as they have been all outpaced by total inflation.

“In toys, sporting items, attire, classes like that, costs have come down extra aggressively,” Walmart CEO Doug McMillon mentioned in an interview on CNBC in December. “We’re nonetheless inflated however we’re not inflated practically as a lot as we’re within the different classes.”

Right here, once more, many retailers misjudged shopper demand and so had extra stock pile up. To filter out merchandise and entice customers to purchase, shops ramped up promotions. This stored costs in verify.

Aircraft tickets and fuel bought costlier

This 12 months, demand for air journey roared again after falling to an all-time low in 2020. Aircraft ticket costs jumped 36% yearly within the 12 months by means of November.

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In March, Delta president Glen Hauenstein referred to as the spike in demand “unprecedented,” including “I’ve by no means seen … demand activate so shortly because it has after Omicron,” the Covid-19 variant that triggered instances to spike final winter.

Many airways reported file income in April, Might and June because of excessive airfares and full planes as vacationers returned in full drive two years into the pandemic.

On the bottom, journey bought costlier, as properly. Gasoline costs have been up 10.1% for the 12 months, however at the moment are off their file highs. Volatility in fuel costs was largely because of Russia’s invasion of Ukraine and geopolitical maneuvers that used oil provide as a device.

Nonetheless, the nationwide common may nonetheless climb again above the $4-a-gallon threshold as quickly as Might, in accordance with GasBuddy projections shared with CNN.

GasBuddy, an app that tracks gasoline costs, doesn’t anticipate one other 12 months of maximum volatility, nonetheless.

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Meals costs soared

Within the 12 months by means of November, meals bought 10.6% costlier, outpacing total inflation.

In that interval, a number of particular person grocery objects bought even pricier for quite a lot of causes.

Egg costs shot up a large 49.1%, because of a provide scarcity attributable to a lethal avian flu, coupled with excessive demand.

Margarine bought 47.4% pricier due to value swings within the vegetable oil market triggered largely by the warfare in Ukraine, whereas butter bought 27% costlier after a contraction within the international milk provide.

One other staple, flour, bought 24.9% costlier as a result of warfare in Ukraine’s impression on the worldwide grain market and excessive transportation prices in the USA. Even lettuce noticed a 19.8% improve, because of crop illness in California.

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Total, grocery costs jumped 12% within the interval, with many customers accepting the upper costs as thriftier options to restaurant meals, which additionally grew costlier, although at a slower clip. Meals away from house turned 8.5% costlier in 2022, with many eating places mountain climbing up menu costs as a way to mitigate their very own greater enter prices.

CNN’s Matt Egan and Chris Isidore contributed to this report.





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Indianapolis, IN

IMPD: Owner of popular Indy nail salon arrested for domestic battery

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IMPD: Owner of popular Indy nail salon arrested for domestic battery


News 8 has chosen not to name the woman involved in the domestic battery incident.

INDIANAPOLIS (WISH) — The owner of a popular Broad Ripple nail salon faces charges after police say he attacked a woman when she accused him of stealing money.

Tuan Nguyen, 43, owner DaVi Nail Spa in Broad Ripple, faces misdemeanor charges of battery, domestic battery, and battery resulting in bodily injury following the July 10 incident.

Court documents say an Indianapolis Metropolitan Police Department officer was dispatched to a home in the 6000 block of College Avenue to investigate a domestic disturbance.

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They arrived and met with a woman who said she and Nguyen fought. When she came home that day, she noticed money missing from its spot under her bed, and asked Nguyen if he had it.

Nguyen denied having it. The woman then said she’d call the police.

The woman told the officer that Nguyen then “grabbed her by the hair and pushed her, causing them both to fall on the floor.” She also said during the fight, “Nguyen began pulling on her dog, trying to break the dog’s leg.”

The woman then ran out of the house to call 911.

Officers detained Nguyen at the scene, who once again denied having the money. He told investigators that after she threatened to call the cops, he “grabbed her by the back of her shirt and they fell to the ground and had a scuffle.”

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Nguyen was then taken to the Marion County jail.

News 8 confirmed on Tuesday that he had been released and was back operating the nail salon.

Help is available for victims of domestic violence. Below is a list of suggested resources on the Domestic Violence Network website:



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IPS 'Back to School Nights' prepares students for new school year

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IPS 'Back to School Nights' prepares students for new school year


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INDIANAPOLIS (WISH) — Indianapolis Public Schools has turned many of its schools into one-stop shops this month that enable kids to thrive inside and outside the classroom.

James Russell Lowell Montessori hosted one of the district’s “Back to School Nights” on the eve of the new school year, which starts on Thursday.

Chandrel Downs’ two kids attend Lowell, and despite spending several hundred dollars on supplies she still needed to pick up an extra backpack given out at the event:

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“For the twins, it was $400, just alone for clothes, and school supplies and shoes,” she said.
Hensley Law Group donated hundreds of backpacks to the event. Overdose Lifeline had a booth set up to help provide substance abuse counseling, and Edna Martin was on hand to promote its after-school services.

Principal Christine Rembert said immunizations were provided and a voter registration booth was available.

“I think from a family perspective it’s nice to have all the things in one place, as opposed to having to go to a variety of different agencies. Time is very precious, especially for families,” Rembert said.

The event also allowed students and parents to meet teachers, administrators, and fellow students.

“The children spend most of their waking time at school, and we want parents to feel a high level of comfort with us who are at the school,” Rembert said.

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Downs had one child who already attends Lowell Montessori and two more have been there since pre-school. Despite that familiarity, she’s glad to meet her kids’ teachers.

“We get to talk to them, and let them know the ins and outs of your kids, get to meet them,” she said.



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Colts players and coaches speak on Samson Ebukam's injury

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Colts players and coaches speak on Samson Ebukam's injury


WESTFIELD, Ind. (WISH) — The Colts lost a major contributor to last year’s defense to injury, Samson Ebukam, who suffered a torn Achilles’ at training camp on Sunday.

Ebukam led the team in sacks last season with 9.5.

Colts head coach Shane Steichen talked about Ebukam’s injury on Tuesday after practice.

“That’s a tough break for us,” Steichen said. “I mean, what a great competitor he is. The sacks he had last year, and he was just continuing in the right direction. So, big blow there but guys have got to step up.”

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Fortunately for the Colts, they have a lot of depth at defensive end. Kwity Paye, Dayo Odeyingbo, and Tyquan Lewis combined for 20.5 sacks last season for the Colts. Plus, they drafted Laiatu Latu in the first round of the 2024 NFL Draft.

Ebukam and Latu built a strong bond in the past few months since Latu was drafted.

“That’s my big bro,” Latu said. “So, I was learning a lot from him. He’s been like a big brother to me since I got here, even before. I watch a lot of film on him. He’s just been somebody that I really look up to. So, I really just want to go out here and play for him and be able to do what he does on the field so that it doesn’t feel like we’re missing a link.”

With the loss of Ebukam, Steichen said that the reps are likely going to pick up for the rest of the guys at defensive end. But, he said they’re going to have be smart about it during training camp.

While Latu has been really impressive so far in training camp, Steichen also had great things to say about Lewis for the depth that the Colts have at the position.

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“He’s tremendous for us,” Steichen said. “He’s been here for a while. Just the way he goes about his business every single day, the way he rushes the passer. I mean, he’s a leader in that room for a reason and we’re extremely excited to have him.”

“We still have a lot of great leaders in that room,” Lewis said. “We know that we have a void to fill. He (Ebukam) was our sack leader last year, but we’re going to come in waves. We all stick together as one.”

The Colts return to practice at training camp on Wednesday from 10-11:30 a.m.



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