Mark Levinson, Malaya Organics and State Bags

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No, you are not going crazy: the shock you felt last year is very real.

According to new data released this week by the Bureau of Labor Statistics, the Consumer Price Index, the government measure of what Americans pay for goods and services, rose 7% in 2021, marking the rate of d inflation since 1982. December 2021 was also the third consecutive month in which it rose by more than 6%. Even excluding the notoriously volatile costs of goods like food and energy, the inflation rate in December for the remaining consumer goods was 5.5%, still the worst since 1991.

“[T]its report underscores that we still have work to do, with price increases still too high and family budgets stretched,” President Joe Biden said in a statement on Wednesday.

GO AHEAD Current sales to shop this week

Nonetheless, companies found they could raise prices without losing customers, who so far haven’t slowed down their purchases, according to Greg McBride, chief financial analyst at Bankrate.

“Over the past six months, we’ve heard a chorus of CEOs on quarterly corporate earnings conference calls talk about their ability to raise prices with very little backlash from consumers,” he said. told NBC News.

To fight inflation, the Federal Reserve is expected to raise interest rates three or four times in 2022. The last time inflation rates hit this level, the Federal Reserve significantly increased interest rates, which led to a recession but also lowered inflation.

Price higher or not, Pinterest has always published its Pinterest Predicts 2022 report, prognosticating what people will buy this year. Among the trends he will see in the near future: curved furniture, bright colors in clothing, loungewear and silk lingerie, and old-fashioned oversized clocks and luxury watches for men.

For now, however, freezing temperatures have crept over much of the continental United States, which is why we spoke to the experts about the best heated gloves you can buy right now. Paired with our article on smart thermostats, you should be comfortable indoors or out until the winter winds subside.

New from Mark Levinson, Malaya Organics and State Bags

Here are the new launches we think you’ll want to know about.

Mark Levinson introduces #5909 Deluxe Wireless Headphones

Launching at CES 2022 and available to buy now, Mark Levinson has unveiled his first wearable product, the #5909 Wireless Headphones with Adaptive Active Noise Cancellation. According to the company, these headphones have 34 hours of play time (30 with noise cancellation), basic aluminum components, a leather headband and replaceable leather ear pads, and 40mm beryllium coated speakers. . (Many audiophiles believe that beryllium creates less distortion when used in speakers, which are the part of headphones that convert electrical signals into sound.) They come with a hard carrying case.

Malaya Organics spotlights its new Get Glowing Discovery Kit

Woman-founded beauty brand Malaya Organics now sells five of its most popular skincare products in a single, travel-ready gift set that covers five stages of a beauty regimen: cleanser, exfoliator, mask, hydration and moisturizing. Describing it as a “complete” all-in-one facial care system, Malaya has also released the Discovery Kit.

State Bags focuses on its Smith Zero Waste bag

New York-based State Bags described its new Smith Zero Waste bag as exactly that: a backpack that generates zero waste for the environment, made from a zero waste pattern and recycled materials. It can fit up to a 15-inch laptop in its laptop sleeve, has a roomy main compartment and a front zippered pocket for small items, and has an inside pocket for a phone, according to the company.

Current sales to shop this week

Here are notable sales and offers from popular retailers and Select reader favorites.

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