The City With The Highest Inflation

US households are raiding savings to deal with the cost of everyday living [View in browser]( BROUGHT TO YOU BY: Proprietary Data Insights Top Restaurant Stock Searches This Month Rank Name Searches #1 Starbucks 23,053 #2 Chipotle Mexican Grill 19,807 #3 McDonald's 16,644 #4 Domino's Pizza 4,376 #5 Shake Shack 3,186 #ad [Here’s Bill Bonner’s “4th and Final Prediction”]( Yes, Domino’s Left Italy We’re not going to tell you for the millionth time that Domino’s Pizza (DPZ) exited the Italian market last week. Give it a break already. If The Juice sees that story one more time, it’ll squeeze the life out of us. However, we are going to tell you how much more it might cost to make your own pizza this year compared to last year. Digging Deep Into Inflation Data When the Bureau of Labor Statistics (BLS) releases the inflation report, it includes tons of in-depth data. For some reason, the media likes to focus almost solely on the headline number and, yes, Domino’s faux pas. Not here at The Juice. We squeeze (sorry) out every last, fresh detail, keeping the pulp. For example, consider the increased cost of the main components of pizza between July 2021 and 2022: - Flour: +22.7% - Cheese: +12.6% - Sauces and gravies: +16.1% However, if you want to make your sauce from scratch, the price of tomatoes are actually down 1.4% year-over-year and lower by 2.4% between June and July of this year. Other interesting annual price increases and decreases: - Eggs: +38.0% - Margarine: +32.3% - Butter: +22.2% What’s the difference between margarine and butter? Heck if we know. - Coffee (at home): +20.3% Other than “uncooked beef steaks” (-1.5%), none of the items the BLS tracks are down year-over-year. The overall meat index? That’s up 7.2%. Scroll with us to dig deeper into the inflation data and see how people are dealing. [Brought to you by Stansberry Research]( [Here’s Bill Bonner’s “4th and Final Prediction”]( One of America’s most successful entrepreneurs goes public with ”4th and Final Prediction.” His first three all came true—will this one too? [Click here to know more]( Inflation The City With The Highest Inflation Key Takeaways: - Like so many economic problems, inflation is a regional thing. - Some people are coping by raiding their savings accounts. - Many US households are in precarious personal financial situations. We can’t tell you why, but the Tampa-St. Petersburg-Clearwater metro is, as of the most recent report, experiencing the worst inflation. It’s up 11.2% year-over-year and 1.3% between May and July. Next in line, Dallas-Ft. Worth-Arlington at 9.4%, followed by Riverside-San Bernardino-Ontario, CA at 9.2% on an annual basis. It’s Still Bad Out There Despite the headlines screaming about how Domino’s left Italy (lol) and inflation is slowing down, the year-over-year numbers remain astronomical. And that’s really what matters. Plus, all that really came down meaningfully month-over-month (-7.7%) is gas. And it’s still up like 44% annually. It’s so bad out there that a New York Life study shows that, to cover the higher cost of most everything, households, on average, withdrew $616.73 from their savings accounts in the first six months of the year. This jibes with the nation's steadily declining [personal savings rate](. Among the top money concerns from the survey: Source: [New York Life]( To cut back, 45% of Americans say they don’t dine out or order from restaurants as frequently. Thirty-nine percent have slowed down on travel and vacations, while 37% do not attend live events as much as they did before. Interestingly, amid these near-term concerns and cutbacks, there’s relative optimism going forward: The Kids Aren’t Alright? Among younger people, Generation Z and millenials are less confident today than they were six months ago that they’ll be able to retire when they’d like. At the same time, however, a majority in both groups (82% for Gen Z, 67% for millennials) are confident their retirement savings will last for the rest of their lives. The Bottom Line: That last piece of seemingly conflicting data could indicate that Generation Z and millennials, in particular, view what we’re living through as a near-term obstacle. The present environment won’t last forever and, soon enough, they’ll be able to get back on track. Or the people making these positive responses just aren’t the ones raiding their savings to get by. In any event, if you’re hurting, go back to basics. Write down all of your expenses. Like from your checking account or credit card statement. See where you actually spend your money. Adjust and reduce accordingly. If you’re doing well - or once you get your personal financial ducks in a quack-free row - start investing what you can if you don’t think the market’s recent rally is a head fake. Those beaten-down restaurant stocks, highlighted today from our proprietary Trackstar database of the tickers investors search for most, could be a good place to start. News & Insights Freshly Squeezed - [10 WallStreetBets Stocks Gaining In August]( - [You Don't Want To Miss This - Put Aug 25th On Your Calendar (Ad)]( - [Coinbase Says Layer 2 Solutions Could Eat Ehtereum’s Lunch]( - [T-Mobile A Surprise High-Flyer In Tech Stocks]( [We want to hear from you! Let us know your thoughts by clicking here]( # [submit to reddit]( [submit to reddit]( [submit to reddit]( [submit to reddit]( To ensure delivery of all emails, [allow us on your list](. Update your email preferences or unsubscribe [here](. View our privacy policy [here](. Copyright ©2022 InvestingChannel. All rights reserved. 1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc. newsletter is for information purposes only and opinion-based. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions. [Link](