new mortgage. 30 year was 4.61% back when the rate hikes started, now 6.34%. so that means on a $500,000 loan with 20% down, that is an extra almost $600 a month. now, a new car loan at about 4.5% last year was the interest rate. now almost 7%. and on a six year auto loan, that is another 63 bucks a month. credit cards averaged 14.5% before the rate hike campaign began. and now they are above 20%. so if you pay just the minimum on a $2,000 balance, it will take you 11 more months to pay it off all because the fed is raising interest rates to try to lower inflation. quick look at wall street after hours trading, stock i think dindex futures are down a tiny bit. let s bring in clare sebastian and kristie lu stout.
cereal going on sale. the trick is to stock your pantry. stock your freezer when they re on sale entering the rest of the time, just buy the perishables. that will bring grocery prices way down so will the tricks that you used during the pandemic. make a list, stick to your list, cook more than you eat out. it all works together to bring your prices down. each are leftovers. we throw away so much food in this country. that can save you a bundle. and if you stock up, fewer trips to the grocery store. maybe you save a few pennies on gas. gas is coming down though. average about $4.61 per gallon for regular. how do we save at the pump? again, we save by driving less. we save by recognizing that if you have a loyalty card to your grocery store, it may come with points that help you
down. the national average now at $4.61 a gallon, that s about 40 cents cheaper than it was a month ago. a big drop that is not reflected in the huge inflation number just reported, 9.1% year over year. you will need that extra savings from the gas. grocery prices increased 12.2% over the past 12 months, in that period nearly every individual item got more expensive. people getting breakfast cereal and butter have been hit hard, eggs up 31%, milk 16%. one trend line good for breakfast bacon prices actually down nearly 2% month to month. that all looks delicious if you can afford t i will say. joining us now to talk more about this cnn business correspondent rahel solomon and business journalist mark stewart. one way to slow all of this down is a recession, but no one wants a recession, so can you slow it down without one? look, i think history doesn t
the royal family. this memorabilia was being sold everywhere on the streets and you could pick up flags and coffee mugs. and we have our biscuits for tea later. are. brian: back to issues here hat home. ainsley, not much has changed. ainsley: that s all the talk over in the u.k., too. brian: always been more in europe, i get it but now here we are not used to anything like this before. if you look at this, we are not talking about months. this have from day to day. yesterday it was 4.84. today it s 4.86. a week ago it was 4.61. the putin putin price hike that story is not flying and it s not resonating with the american public because it is playing a role absolutely. but it s not the dominant role. what i saw pete buttigieg say it s time to make oil companies gas companies pump more they are hoarding in all the profits. that s such an insult from the industry who they degraded from day one who now they want to say
holiday weekend. that s up for .6 compared to last year. the national average for a gallon of gas at 4.61 on monday the highest it has ever been 3-point zero for a year ago . airfares also more expensive. of round trip ticket is averaging about $400 according to travel research. gas up 24% 2019. the price hikes are thanks to higher jet fuel costs, double .he regular rates travelers say the increase is frustrating but something that they are willing to bear paid. whenever the gas prices, we have to payas for it. we want to visit our family so this is a cost. 6,000 flights were canceled with more delayed. delta said that custom ripple effect that flew off the flight