Inflation is taking a toll on how designers are preparing their floats that will be featured in the Rose Parade.
You Got a New iPhone for the Holidays. Here's the Ultimate Guide to Getting the Most Out of It"Everything cost a whole lot more and we are the smallest builder in the parade,' said Kay Sappington, the director of operation for the Sierra Madre Rose Float.
"Can we build it, then can we decorate it, is it going to take something to make it look right that we just couldn’t afford," Sappington said.
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An inflation measure watched by the Fed eases to 5.5%A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday's report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a revised 6.1% increase in October and the smallest gain since October 2021. Excluding volatile food and energy prices, so-called core inflation was up 4.7% over the previous year.
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Holiday donations to food banks and toy drives dwindle due to inflation: 'People pull back'Food banks and toy drives in the U.S. are in need of holiday donations as many struggle to keep up with rising demand while inflation takes a toll on organizations and families.
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An inflation measure watched by the Fed eases to 5.5%A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing.
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ECB's Schnabel sees little risk of overreacting to inflationEuropean Central Bank policymaker Isabel Schnabel sees little risk of raising borrowing costs too far at present given that interest rates are still very low after they are adjusted for inflation, she said in an interview published on Saturday.
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