The consumer price index (CPI) is a key gauge of inflation that measures how much Americans pay for goods and services. The CPI rose 0.9 percent over the month in October, 2021 and 6.2 percent over the entire year. The 6.2 percent for the year reflects the highest pace of inflation in nearly 31 years. This article breaks down the rate of inflation by different categories. Inflation concerns are weighing heavily on Seniors with fixed incomes. The Supply Chain crisis is expected to last well into 2022. Some Seniors may want to consider joining Senior Ride Share Clubs to manage rising transportation costs.
Gasoline:
Rose 49.6 percent year-over-year.
Used cars and trucks: Up 26.4 percent year-over-year
New cars and trucks: Increased 9.8 percent year-over-year
Motor vehicle maintenance and repair: Rose 5.4 percent year-over-year
Fuel
oil: Rose 59.1
percent year-over-year.
Electricity:
Rose 6.5 percent year-over-year.
Utility
(piped) gas service:
Increased 28.1 percent year-over-year.
Propane,
kerosene, and firewood:
Rose 34.7 percent year-over-year
Food: Up 5.3 percent year-over-year.
Meats,
poultry, fish, and eggs:
Rose 11.9 percent year-over-year.
Bacon
and similar products:
Up 20.2 percent year-over-year.
Pork
chops: Up 15.9
percent year-over-year
Uncooked
beef steaks:
Increased 24.2 percent year-over-year.
Peanut
butter: Up 6
percent year-over-year
Coffee: Rose 4.7 percent year-over-year
Restaurant
prices: Rose 5.3
percent year-over-year
Furniture
and bedding: Up 12
percent year-over-year
Sporting
goods: Increased
8.7 percent year-over-year
Appliances: Up 6.6 percent year-over-year
Delivery
services: Rose 7.5
percent year-over-year
Rent: Up 2.7 percent year-over-year
Lodging
away from home:
Rose 22.3 percent year-over-year,
Reliable
Rider Clubs
Seniors
are feeling the inflation the most at the gas pump and the grocery store. For
many Seniors the cost of individually owning and operating a vehicle may become
prohibitive in the near future. People who want out of individual ownership may
want to consider joining a Senior
Ride Share Club. With shared ownership the
operating costs of transportation are divided by the number of members in the
club and by the miles of transportation used by each member. Operating costs
include: drivers, vehicles, insurance, fuel, service maintenance, repairs and
administrative costs. Some of the
impacts of inflation can be mitigated by sharing the rides and the transportation
costs.
Senior
Ride Share Clubs provide
a host of benefits for their senior users. All applicants for club membership
receive background checks of criminal history prior to having their membership
approved. Applicants pay for their own background check ($75 non-refundable).
Clubs will have no more than 30 to 60 members in their Members
Only Ride Share System. Club members can book their ride
pickup time and location and the destination location up to 90 days in
advance. Other club members can share
the same ride if their pickup location and destination location align with the
route. Club members pay $250 per month
for up to 250 miles of transportation in that month. If a club member uses more than 250 miles of
transportation in any month, their credit card will be billed $1.50 per extra
mile. By ridesharing, we mean two or
more persons traveling in an automobile together.
Senior
Ride Share Clubs are
attractive to Senior Citizens who no longer want to drive or individually own
vehicles. Other groups of people who may be interested in joining a club
include: People who cannot obtain a driver's license for any reason. People who want to opt out of the Legal
Liabilities of driving. People who want the Dollar Savings of Shared Ownership.
People who have Medical Issues or concerns that prevent them from driving.
People who want to manage the risks of consuming alcohol at restaurants, bars,
music and sporting events. People who value Safety and Security above all other
considerations.
Contact
us with any
questions you may have.
Reliable
Rider, LLC
4140 E. Baseline Rd., Ste. 101
Mesa, AZ 85206
4805392607
/ 8002459025
No comments:
Post a Comment