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| Good morning, Daily Money readers. It's Jayme Deerwester back with some good news and some bad news on this Wednesday. |
| First up, the bad news: Inflation touched a new 40-year high last month as gas, food, and rent costs surged 9.1% compared to a year ago. On a monthly basis, consumer prices increased 1.3%, the largest such leap since 2005, compared with a 1% rise in May. That will likely mean another big Fed rate hike this month. |
| And now, the good news: It's National French Fry Day, and we've got a list of which restaurants are offering freebies and discounts today. Check it out before you make your lunch plans. |
Amazon Prime Day update |
| Amazon Prime Day continues today. Check out the best deals before they sell out. Plus, get a $12.50 credit when you buy a gift card. |
| Speaking of all things Amazon, how much would you guess the average Prime member buys from Amazon in a year? That would be about $,1,400, according to our friends at Motley Fool. Non-members spend less than half that, dropping about $600 per year at Amazon. What can we say? Free two-day shipping is a powerful draw. |
More stories you shouldn't miss |
| Inflation hits another 40-year high. What's that mean for shoppers and the next Fed rate hike? |
| Twitter sues Elon Musk: As expected, the social media platform has gone after him for reneging on deal. |
| War of words: Elon Musk says it's time for Donald Trump to 'sail into the sunset' after getting ripped at Trump rally. |
| 'People were going to die': Trump incited violence through tweets on Jan. 6 and the platform failed to intervene, ex-employee testifies. |
| Inflation and inheritance: Why one USA TODAY staffer chose I Bonds to protect his son's money. |
| Flight delayed? Find out whether your airline offers compensation. |
🎧 Mood music 🎧 |
| In honor of National French Fry Day, I'm going with Alan Jackson's ode to the salty side dish: |
| "If French fries were fat-free and you still loved me, what a wonderful world this would be." |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist . It features nearly every song quoted here. |
| Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!) |
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