Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

Despite Promising Trends, Inflation Continues to Challenge Cost of Living

Photo from Google

An improving economy is shown by the recent Consumer Price Index (CPI) report that shows slower price increases, mostly for food and energy. With core inflation for necessities at 4% instead of 3%, this positive trend hasn’t helped regular people yet. The fact that this happened shows that basic needs are still expensive.

Photo from Google

Community-Powered Relief Efforts for Economic Struggles

A distinguished UAlbany economics professor, Kajal Lahiri, notes that lower inflation rates take time to affect daily expenses. The drop in inflation may not lower grocery and essential item prices for a year.

As people struggle to manage their finances, the Fresh Table Community Pantry has offered nutritious meals to help them. This collaboration with the Regional Food Bank of Northeastern New York provides food distribution in Scotia and Glenville to help families choose between heating their homes and eating healthy food.

Justin Cook and Kimberly Talbot, co-founders of the initiative, oversee operations to ensure that SNAP-dependent people have access to essential food every third Wednesday. Plans call for three pop-up pantries at Glen Worden Elementary School, Glenville Senior Center, and Schenectady County Public Library through February.

READ ALSO: Rest Stop Restaurant Act will require Thruway restaurants to stay open seven days a week

Empowering Communities Amidst Economic Challenges

Families receive healthy, sustainably sourced food from the Fresh Table Community Pantry because they care about the community. In Scotia and Glenville, they provide nutrition to food-insecure families and individuals.

The Fresh Table Community Pantry’s website has more information for supporters. This captures the article’s main points, highlighting inflation’s persistent challenges and the Fresh Table Community Pantry’s effective food access efforts in Scotia and Glenville.

READ ALSO: Payment plan option for those with suspended driver’s licenses due to unpaid traffic tickets to start June 29

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...