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What prices are actually deflating?

Published Thu, 26 Dec 2024 18:55:18 GMT

(NerdWallet) - Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data released from the Department of Labor shows its consumer price index — a proxy for inflation — remained flat from September to October, at 3.2%.And while it may not feel like costs are coming down when you check out at the grocery store, for some goods and services, prices are actually decreasing.Key ContextWhile inflation measures the rate of price increases, deflation is the opposite — it measures the rate of price decreases. Deflation is definitely not the norm among the goods and services assessed in the CPI.There are outliers, though. Most of the price categories that have seen deflation relative to a year ago are in goods, not services.But some services, like health insurance, have seen a dramatic price drop. What prices have deflated since last year?The most recent CPI report shows year-over-year price index drops in 92 goods and services categories (among 338...

Hershey unveils new chocolate frosted donut Kit Kat bar

Published Thu, 26 Dec 2024 18:55:18 GMT

HERSHEY, Pa. (WHTM) - Hershey has unveiled a new treat straight from the bakery: a Chocolate Frosted Donut flavored Kit Kat.The new flavor, which Hershey says is like "biting into a fresh donut, with milk chocolate layered delicately on top of donut flavored creme," will be available starting on Nov. 17."We know fans love our bakery inspired flavors like Kit Kat Birthday Cake – and we thought, 'who doesn't love a classic chocolate frosted donut?!'" said Alex Kuzior, associate Kit Kat brand manager. "The Kit Kat Chocolate Frosted Donut Flavored Bar is a sweet addition to our permanent flavor portfolio and every bite delivers upon a delightful experience, reminiscent of a freshly baked donut from your favorite hometown bakery." Hershey unveils Reese’s peanut butter cup with caramel The bars will be available in standard and king sizes.Hershey also stated, "donut worry, the Kit Kat Chocolate Frosted Donut Flavored Bar is here to stay all year round."

WATCH: Rope-climbing burglar steals lotto scratchers, cigarettes

Published Thu, 26 Dec 2024 18:55:18 GMT

LOS ANGELES (KTLA) - Surveillance footage captured a burglar rappelling into a California business after cutting a hole in the roof and breaking through the ceiling earlier this week.  The unusual robbery occurred just before 7 a.m. Monday at M&M Smoke and Gift Shop in the Eagle Rock neighborhood of Los Angeles.  Video shows the suspect, dressed in dark clothing, slowly came down a rope and jump to the ground where they retrieved a bag they had already dropped from the ceiling. Once down, the person started rifling through the shelves behind the store’s counter.  Surveillance footage captured a burglar rappelling into an Eagle Rock store on Nov. 13, 2023. Surveillance footage captured a burglar rappelling into an Eagle Rock store on Nov. 13, 2023. Surveillance footage captured a burglar rappelling into an Eagle Rock store on Nov. 13, 2023. Store employee, Roy Hanna, surveys damage done to the smoke and gift shop after the burglary on Nov. 13, 2023. Store employee,...

When will Social Security cost-of-living increases take effect?

Published Thu, 26 Dec 2024 18:55:18 GMT

(NewsNation) – The Social Security Administration announced 2024's cost-of-living adjustment (COLA) just over a month ago, confirming a 3.2% bump in benefits for retirees. Here's what you need to know.How does the 2024 increase compare to 2023's?While still one of the largest increases in decades, 2024's COLA increase of 3.2% is far below the 8.7% bump that recipients were granted in 2023.When will the COLA increase take effect?Checks sent in January will reflect the updated allowance. AARP responds to 2024's COLA increase announcement What is the purpose of COLA increases?The Social Security Administration’s annual cost-of-living adjustments are designed to help Social Security and Supplemental Security Income (SSI) recipients retain their buying power amid rising inflation. These increases, which are issued annually, are determined using the Bureau of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which itself is a measure of the change in pric...

Highway 71 reopens after deadly crash near Austin airport

Published Thu, 26 Dec 2024 18:55:18 GMT

The above video is from traffic coverage just after 8 a.m. Wednesday, Nov. 15, 2023. AUSTIN (KXAN) -- A deadly crash shut down eastbound Highway 71 near the Austin airport for several hours Wednesday morning. The crash happened around 6 a.m. in the eastbound lanes of Hwy 71 near its intersection with Highway 183. The highway reopened fully around 11 a.m., according to a social media post from the airport. There was still heavy congestion in the area at the time, the post said. The above video is from traffic coverage just after 6:30 a.m. Wednesday, Nov. 15, 2023. According to the Austin Fire Department, one person died after a motorcycle crashed.

Austin 100-degree days may triple if global emissions go unchecked

Published Thu, 26 Dec 2024 18:55:18 GMT

AUSTIN (KXAN) -- The Fifth National Climate Assessment was released this week and found that Austin can expect 100-degree days to double by 2050, and perhaps even triple by the end of the century if global greenhouse gas emissions go unchecked.The report is a broad scientific analysis of climate change-related impacts we are already experiencing, what we can expect in the future in our warming world as well as climate mitigation and emissions reductions strategies. The authors — a collaboration between government scientists — found that climate change-related impacts to the U.S. will continue increasing in the future. However, the report also illustrates that the amount of future warming we experience is in our hands.Summer heat intensifiesAustin marked its second-hottest summer on record in 2023, and the hottest-ever at Austin-Bergstrom International Airport. Camp Mabry tallied 80 days of 100°+ temperatures, and an all-time record of 42 days with temperatures 105° or hotter.Austin'...

Police: Motorist robbed while trying to help 'disabled' car

Published Thu, 26 Dec 2024 18:55:18 GMT

WASHINGTON, Mass. (NEWS10) -- The Washington Police Department is warning residents of a robbery that occurred on Tuesday morning on Washington Mountain Road. Police say a gentleman had his wallet stolen when he stopped to help two young men. Get the latest news, weather, sports and entertainment delivered right to your inbox! The two men had what appeared to be a disabled silver Nissan Sentra. Once they stole the man's wallet with several hundred dollars in cash, they got in their vehicle and fled southbound. Police are searching for the Nissan Sentra, which reportedly has a license plate in the back window. Residents who encounter a stranded vehicle are encouraged to contact the police to assist instead of stopping themselves.

Police arrest suspects for attempted copper theft

Published Thu, 26 Dec 2024 18:55:18 GMT

COPAKE, N.Y. (NEWS10) -- The Columbia County Sheriff's Office arrested two individuals from Poughkeepsie following a reported burglary at the former Roe Jan School at 9065 Route 22. Salvatore Daniel, 41, and Audra Daniele, 37, were allegedly found in possession of stolen copper piping and wiring. Get the latest news, weather, sports and entertainment delivered right to your inbox! According to the police, Lieutenant Heath Benansky observed the crime in progress. Lt. Benansky discovered an unoccupied vehicle parked by the building near a broken window. He reportedly saw the two inside the building with the copper piping and wiring.The two were detained and charged with burglary in the third degree, criminal mischief in the third degree, and attempted petit larceny. They were arraigned at the Town of Claverack Court and released on their own recognizance. They are due back in court on November 27.

Veterans can enjoy a free Italian meal on November 16

Published Thu, 26 Dec 2024 18:55:18 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- On Thursday, veterans and their families can enjoy a free Italian meal at The American Legion of Saratoga at 34 West Avenue in Saratoga Springs. Reservations are required as space is limited. Get the latest news, weather, sports and entertainment delivered right to your inbox! The free meals have been made possible by The American Legion Adirondack Post 70, Therapeutic Horses of Saratoga, Rosina Food Products, and The Bread Basket Bakery. Meals are expertly crafted by Rosina Food Products and are complimented by a salad and dessert platter from The Bread Basket Bakery. "We are immensely grateful for the dedication and sacrifice of our veterans, and we are excited to partner with the American Legion Adirondack Post 70, Rosina Food Products, and The Bread Basket Bakery to offer them a warm and delicious Italian meal as a gesture of our appreciation," said Megan Koloskie, Development Manager of Therapeutic Horses of Saratoga. "We hope this event wil...

New Jersey man impersonated DEA agent, charged with grand larceny

Published Thu, 26 Dec 2024 18:55:18 GMT

CLIFTON PARK, N.Y. (NEWS10) -- A New Jersey man was arrested after impersonating a Drug Enforcement Administration (DEA) agent and scamming a victim out of over $50,000 worth of money and goods, according to New York State Police. Prashil Shah, 22, faces multiple charges. Get the latest news, weather, sports and entertainment delivered right to your inbox! On October 24, troopers received a complaint they had been scammed. The resident, from Clifton Park, said they were contacted by someone who identified themself as a United States DEA Agent.According to state police, the scammer told the victim they had a warrant for their arrest, which they could avoid for $3,000. The victim provided the scammer with the money on October 11. Crews respond to car fire on Northway The victim contacted the scammer a few days later, this time the scammer asked for gold bars valued at over $50,000 to avoid being arrested. Once again, the victim provided the scammer with the demanded items. The sca...