Good morning, Daily Money readers. It’s Jayme Deerwester back with some good news and some bad news on this Wednesday.
First up, the bad news: Inflation touched a new 40-year high last month as gas, food, and rent costs surged 9.1% compared to a year ago. On a monthly basis, consumer prices increased 1.3%, the largest such leap since 2005, compared with a 1% rise in May. That will likely mean another big Fed rate hike this month.
And now, the good news: It’s National French Fry Day, and we’ve got a list of which restaurants are offering freebies and discounts today. Check it out before you make your lunch plans.
Amazon Prime Day update
Speaking of all things Amazon, how much would you guess the average Prime member buys from Amazon in a year? That would be about $,1,400, according to our friends at Motley Fool. Non-members spend less than half that, dropping about $600 per year at Amazon. What can we say? Free two-day shipping is a powerful draw.
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🎧 Mood music 🎧
In honor of National French Fry Day, I’m going with Alan Jackson’s ode to the salty side dish:
“If French fries were fat-free and you still loved me, what a wonderful world this would be.”
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist. It features nearly every song quoted here.