Yesterday, a new consumer price index (CPI) report showed that inflation cooled a bit last month. It only rose at a 4% annual rate — the slowest pace in two years. Lower gas and energy costs contributed to the drop in inflation, which was sitting at nearly 9% this time last year. Rent prices are also expected to cool off. It's welcome news just in time for summer. However, before you go out and have fun in the sun, know that some things may still cost you a pretty penny.
Like what?
Groceries. Even though eggflation is on its way down, other supermarket goods have become more expensive. You may scream over the price of ice cream. Other items like bread and fresh fruits and veggies increased as well. Hotel rates are also feeling the heat for anyone planning a getaway, but at least airfare seems to be flying on cruise control. The mixed results on inflation have all eyes on the Federal Reserve as it meets today to decide whether to give interest rates another hike.
theSkimm
This latest CPI report could be a sign that the Fed's hard work is starting to pay off. However, not everyone's sold. Others say there's still more that needs to be done before Americans' wallets finally see some relief.
Former President Trump. Yesterday, he pleaded not guilty to 37 criminal charges at a Miami federal courthouse. The indictment against Trump, who's the first former US president to face federal charges, is over the mishandling of classified documents. He faces allegations of withholding national defense information and engaging in conspiracy to obstruct justice. Now, it could be months before Trump's trial begins. Despite the charges and another looming trial, Trump isn't slowing down his 2024 presidential campaign. Following his court appearance, he greeted supporters at a Cuban restaurant in Miami before flying to New Jersey for a speech.
Who people are mourning…
Tori Bowie. Yesterday, an autopsy report revealed the 32-year-old track star died from possible childbirth complications. Authorities said the three-time Olympic medalist, who was found dead last month,was eight months pregnant and in labor at the time of her death. An autopsy found that Bowie may have suffered from complications of eclampsia (a high blood pressure disorder) and had difficulty breathing before her death. Pregnant Black womenface a higher risk of preeclampsia and eclampsia. They also have the highest maternal death rate in the US. Now, Bowie's death is reigniting the conversation on how Black women are disproportionately impacted when it comes to maternal health care.
Who's not feeling heard...
Employees. Yesterday, a new poll found that employees worldwide are stressed and fighting with their bosses. The survey found that 59% of workers are not engaged and instead, quiet quitting. The survey also found that about 44% of workers suffer from "a lot" of stress. One solution? Employees say having their bosses engage with them and recognize their contributions is a start. Shocker.
It's time to take a(nother) mental break from the news cycle with our podcast miniseries, "Seriously Good News," created with Ford.
For episode two, we chatted with corook, the artist behind the feel-good viral hit, "If I Were A Fish." Plus, we asked a music psychologist why songs like this make us feel so seen. Psst…we also Skimm'd some other headlines that made us smile. Listen here.
Here are today's recs to help you live a smarter life…
1. A functional bev to keep in your emotional support bottle all summer long.
This all-in-one citrus drink has 16 science-backed ingredients, including functional mushrooms, adaptogens, vitamins, and minerals. It can help support heart health, reduce stress, and boost immunity. Psst…use code SKIMM for 40% off.*
2. The perfect last-minute gift for your favorite grill master.
Whether that's Dad, your partner, or…anyone else. This charcoal grill from Lowe's comes with a built-in temperature gauge and an adjustable grate height system for easy heat control. Plus it's got wheels for easy transport.*
3. A confidence-boosting bodysuit you can wear all day long.
This stylish shapewear is fully adjustable, ultra smoothing, and super supportive (we see you, underwire-free lift). Plus, it comes in six neutral colors and sizes XS–4X. Oh, and Skimm'rs get 10% off.*
Just in time for summer. A 0% intro APR credit card can help you pay off larger purchases and outstanding credit card debt. Psst…there's more than a few to choose from.*
Psst...looking for more discounts on brands Skimm'rs love? Check out all of our exclusive promo codes here.
On Our Radar
20% off Sakara's Amazon storefront. For the next 48 hours, you can stock up on Tinx-approved, women-founded wellness products like their Metabolism Super Powder and Detox Water Drops — for less. Race ya to it.*
Skimm'rs
We like to celebrate the wins, big and small. Let us know how your friends, neighbors, coworkers (and yes, even you) are making career moves, checking off goals, or making an impact in the community.
Plank you…Tricia S (PA). After saving up for years, she finally reached her goal to buy a local Pilates studio in her town. She's now looking forward to leaving customers feeling rejuvenated physically and mentally.
