Maryland
Is Inflation Easing? See How Maryland Is Affected
MARYLAND — A brand new authorities report Wednesday reveals inflation eased barely in April, however costs for a lot of requirements proceed to extend, inflicting ache for Maryland residents.
Costs rose 8.3 p.c in comparison with April 2021, and 0.3 p.c in comparison with March, in response to the U.S. Bureau of Labor Statistics report. The April-over-March enhance within the Client Value Index was the smallest month-to-month enhance in seven months.
Maryland costs have been up 1.6 p.c over the previous 2 months, up 9.1 p.c from a yr in the past, the report stated.
Discover out what’s taking place in Throughout Marylandwith free, real-time updates from Patch.
The April change was largely resulting from a 1.1 p.c enhance in all classes besides meals and power index. The power index additionally rose since February, up 7.4 p.c.
Over the past 12 months, the Client Value Index elevated 9.1 p.c, principally resulting from a 7.1-percent enhance in bills apart from meals and power because the impression of considerably larger costs for brand spanking new and used motor automobiles since April 2021 continued.
Discover out what’s taking place in Throughout Marylandwith free, real-time updates from Patch.
The power index and the meals index additionally rose over the yr. The 30.5 p.c enhance for the power index continued the development of upper 12-month will increase since March 2021 and matched the November 2021 enhance, the most important of that interval, officers stated.
The most important will increase have been for shelter, meals, airfares and new automobiles. Nationally, meals costs have been up 0.9 p.c, together with groceries, which rose a full proportion level.
Of specific word, dairy costs elevated for the seventeenth consecutive month, up 2.5 p.c from March, the most important enhance for the dairy index since July 2007. Over the previous yr as an entire, grocery costs have elevated 10.8 p.c, the most important year-over-year enhance since 1980.
Meals costs rose 1.3 p.c for March and April. The meals at house index was up 2.3 p.c, due largely to larger costs for vegatables and fruits, up 6 p.c and nonalcoholic drinks and beverage supplies, up 4.5 p.c.
Dairy and associated merchandise within the area rose by 2.3 p.c in April in comparison with March and by 8.5 p.c in comparison with April 2021.
The rise within the meals at house index was led by a 20.7 p.c rise in costs for meats, poultry, fish, and eggs, the report stated.
Costs for used automobiles and vans in Maryland have been unchanged in comparison with February.
Gasoline costs, that are nonetheless averaging $4.40 a gallon nationally and $4.41 in Maryland, elevated 11.6 p.c from February to April.
Costs for electrical energy elevated 2.6 p.c, whereas costs for utility (piped) fuel service declined 2.3 p.c for a similar interval. Vitality costs jumped 30.5 p.c over the yr, largely resulting from larger costs for gasoline, in response to the report.
MD Gasoline, Diesel Costs Hit Report Highs As Value Of Oil Soars
One month of information is not sufficient to indicate if inflation is headed downward, economists, word. And there are indicators within the report that inflation is turning into embedded within the U.S. economic system, The Related Press reported.
When the risky meals and power costs — pushed larger by persistent COVID-19 pandemic provide chain points and, extra not too long ago, Russia’s conflict in Ukraine — are taken out of the combo, the so-called core inflation on items and companies elevated 0.6 p.c from March to April, twice the 0.3 p.c rise from February to March.
Core inflation rises extra slowly, the AP defined, however can take longer to say no. For instance, lease is rising at a traditionally quick tempo, up 0.6 p.c from March to April. Resort prices are up, too, 1.7 p.c from March to April, following a 3.3 p.c enhance from February to March.
Persistent inflation is a political downside for President Joe Biden, and a monetary downside for a lot of Individuals, particularly these on fastened incomes who’re making powerful decisions on the grocery retailer and fuel pump.
Patty Blackmon, who lives in Las Vegas, advised the AP that $5.89-a-gallon fuel prompted her to scale back the variety of journeys she makes to the grocery retailer and her grandchildren’s sporting occasions. She hasn’t determined if she’ll make a highway journey to see kin in Arkansas this summer time, hasn’t visited her hair stylist in 18 months, and is shopping for extra canned soup and salad components on the grocery retailer.
“A steak is sort of out of the query,” she advised The AP.
The Related Press contributed to this report.
Maryland
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Maryland
Victory over Maryland caps a successful sweep on USC’s first big East Coast trip in the Big Ten
COLLEGE PARK, Md. — JuJu Watkins and Southern California figured to do a lot of traveling in the Trojans’ first season in the Big Ten.
So far, so good.
No. 4 USC completed a two-game eastern sweep Wednesday night, handing No. 8 Maryland its first loss, 79-74. The victory came after the Trojans decimated Rutgers 92-42 on Sunday.
“We’ve been on the East Coast now for like four days,” Watkins said. “It’s freezing.”
Perhaps that explained Watkins’ spotty shooting. She went 7 for 19 from the field and turned the ball over eight times, eventually fouling out in the final minute. She scored 21 points, her lowest output in nearly a month.
But USC outscored Maryland 18-6 to end the game. Kiki Iriafen also scored 21.
“We just kind of have this unwavering confidence in ourselves,” Watkins said. “It was just a matter of coming together and closing the game out.”
The Trojans have already logged quite a few miles. They beat Mississippi in Paris in November. Last month they traveled to Connecticut and beat UConn.
This trip was a multigame journey that USC handled pretty well. Coach Lindsay Gottlieb said she’s still learning the rhythm of a new league.
Related Stories JuJu Watkins scores 21 as No. 4 USC tops No. 8 Maryland 79-74, handing the Terps their first lossNo. 8 Maryland improves to 13-0 with a 78-61 victory over Rutgers; Iowa and USC up next for TerpsJuJu Watkins scores 21, No. 6 USC downs Oregon 66-53 in Big Ten opener
“The Pac-12 was two games in a weekend, Friday-Sunday and everyone’s doing the same thing. Now we’re like, ‘Wait, who’s playing who when?’” she said. “It’s really different for us, and so as coaches we’re trying to process all that and keep things as normalized for the team as possible.”
It’s also an opportunity for USC to play in areas less familiar with the Trojans. It was their first matchup with Maryland since 1995, and the game drew 14,735.
“It’s just platforms for them that we have never had before, and that’s a really positive thing. It’s up to us and my administration and me to make it as seamless as possible for them,” Gottlieb said. “We’ll go anywhere and play. I think our players have proven that.”
Maryland
Maryland Gov. Wes Moore warns of major budget cuts amid $3B budget deficit
ANNAPOLIS, Md. – Maryland Gov. Wes Moore has warned that massive budget cuts are on the way as state lawmakers try to solve a $3 billion budget gap.
Moore told Maryland residents Wednesday to brace themselves for $2 billion worth of cuts in his soon-to-be-released budget. But that still leaves another $1 billion that lawmakers will have to come up with to close this deficit.
Normally, the first day of a General Assembly session is a cause for celebration but this year it comes with a big challenge.
Moore said that not only does he want lawmakers to come up with a solution to close the budget gap, he also wants still fund priorities like economic growth, public safety and schools but Moore would not endorse the idea of tax hikes.
“We are not going to grow an economy on the backs of working Marylanders, on the backs of middle-class Marylanders. So I’ll work with anybody to be able to come up with a long-term solution but my bar’s high, been high and will remain high when it comes to revenues,” Moore said.
But while the governor says his bar is high for tax hikes, Democrats, who control both houses of the statehouse, and Republicans, who are outnumbered, are already fighting it out.
Republicans say they support the governor’s plan to cut spending but they will hold the line on taxes.
“I believe the Democrats are sending every signal that they are going to raise taxes and we are going to fight it, fight it, fight it,” said Republican delegate Kathy Szeliga, who represents Howard County. “Maryland is already one of the most highly taxed states in the country.”
Democratic lawmakers say no decisions have been made either way.
“You know, people get nervous because they think that automatically means raising taxes. Not necessarily. We’re going to do our job and make sure that we don’t hurt people too, we understand the budget is tight but we don’t have to keep hurting people too,” Democratic delegate C.T. Wilson, the Maryland Economic Matters Chairman.
Moore is set to unveil his budget proposal on Wednesday, Jan. 15. This General Assembly session will last for 90 days.
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