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Inflation Actually Fell in Three Areas That Point to a Healthier, Happier Life

According to a New York Times report, “Inflation cooled very slightly on an annual basis for a seventh straight month in January, continuing a deceleration that has come as supply chains have healed and prices for goods have moderated, but the details of the report offered reasons for concern.

“Consumer Price Index data released on Tuesday showed that price increases picked up briskly on a monthly basis. That was true across both key measures: the one that includes gas and groceries, and a ‘core’ index that strips out those products because of their month-to-month volatility to get a better sense of the underlying inflation trend. The price index was up 6.4 percent in January compared with a year earlier. That was a slight slowing from 6.5 percent in December, and down notably from a peak of about 9 percent last summer. But compared with the previous month, prices climbed 0.4 percent after stripping out groceries and fuel—a rapid pace of growth that matched the increase in December.

“The overall report shows that while the Federal Reserve has been receiving positive news on inflation—price increases are no longer relentlessly accelerating, the way they did for much of 2021 and the first half of 2022—it could be a long and bumpy road back to the 2 percent annual inflation gains that used to be normal.”

Prices for gas (+2.4%); meat, eggs, poultry and fish (+0.7%); and rents (+0.7%) all rose.

The silver lining: Prices actually fell for doctor visits (-0.1%); fruits and vegetables (-0.5%); and, especially,  airline tickets (-2.1%).

So, there’s no excuse for living happier and healthier. Go have that checkup. Stock up on zucchini. Book a flight to see your family and friends in New York and pull the trigger on that summer vacation.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.