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| Good morning, Daily Money readers. It's Jayme Deerwester back with you on this Thursday. |
| Quick: How many phone numbers can you dial without dipping into your contacts list? If you're like me, that number is probably less than five. (Let's see: my parents' phones, the office ... Does 911 count? No? Then make it three, I guess.) |
| Surprise, surprise: Our dependency on mobile devices prevents us from keeping that important information in our heads. |
| A study by WhistleOut, a consumer-focused website, found that about 1 in 10 people can't even remember their own number; 16% don't have their parents' number(s) memorized; 17% don't have their partner's number memorized and 49% only have between 2-5 numbers memorized from their contacts. Perhaps most worryingly, WhistleOut's survey said nearly 1 in 3 Americans don't have their emergency contact numbers memorized. |
| That's a major problem, said Dr. Janet Hurley, a longtime family medicine doctor in Tyler, Texas. She's written that we memorize at least two emergency contact numbers, especially if our phones get damaged or lost. |
| "I challenge you to dial the number by hand for a while until you are sure you have the number memorized," Hurley said. "Should you be in an accident in the future where your cellphone is unavailable, you will sure be glad you did." |
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| Is your Honda key fob vulnerable to hackers? Here's what you should know. |
| Gates wants off world's wealthiest list: Microsoft founder says pledge to give away 'virtually all' of his money will erase him from world's wealthiest list. |
| Are old iPhones worth anything? Trade-in values drop depending on software, C-band frequency. |
June CPI inflation report: Largest price increases include gas, butter and flour |
| The big headline from Wednesday's Consumer Price Index report was that inflation rose hit 9.1% in June, compared to last year. But a deeper dive into the individual items the CPI tracks reveals that some of the biggest price increases last month were kitchen staples. Overall food prices increased by 1% last month, accounting for 10% of the overall price level increase. |
| A few grocery items, in particular, saw big price jumps: |
| • | Butter: Behind gas and energy prices, margarine saw the highest percentage price increase last month at 6.8%. Butter price increases were slightly lower at 4.8%. | | • | Flour: Prices rose by 5.3% last month, and are up 19.2% over the past 12 months at a non-seasonally adjusted rate. The war in Ukraine has taken a big toll on wheat prices since Ukraine and Russia are some of the world's biggest wheat exporting countries. Bad weather in the U.S. also contributed to softer than usual wheat production. But wheat prices have started to come down recently. | | • | Hot dogs: Prices rose by 4.5% last month, and are up 16.3% over the past 12 months at a non-seasonally adjusted rate. Meanwhile, Costco's CEO vowed to keep the retailer's legendary hot dog-and-soda combo at $1.50. | |
| There is some good news to report: Meat prices, including bacon, pork chops, beef and veal decreased last month. |
🎧 Mood music 🎧 |
| That Consumer Price Index report put me in the mood for A Tribe Called Quest's "Butter': |
| "Not no Parkay, not no margarine. Strictly butter, strictly butter, baby." |
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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