The Real Deal: Looking to have summer fun? Here’s where to save and what costs more these days
Silver says the biggest driver of the slowdown of inflation is prices, which are down 28%.
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Between trips and cookouts, summer spending can really add up. So where can you find some savings that’ll let you still have fun without dropping as much cash?
Inflation is a common focus in finance these days, but some new numbers show major shifts in some categories. Investopedia’s Caleb Silver broke them down:
Silver says the biggest driver of the slowdown of inflation is gas prices, which are down 28%.
“If you are filling up your boat, if you are filling up some of your motorcycles, that's down 27.6%,” says Silver.
MORE: 17 tricks to help you save at the pump
Silver also says meat, fish, poultry and eggs are down about 1% in price, another influential category that was way up last year, but no longer.
But what is more expensive this year? Silver says fruits and vegetables are the big one — up 6.8%. Recreational activities are also up 3.5%. So the savings at the pump could save big time as we hit the road for summer fun like a ballgame, which is costing more.
MORE: Budget: 9 ways to save money on your grocery bill
“Going out to sporting events with the family, up 3.9% year over year. Club memberships up 4.4% year over year,” says Silver.
But hosting a cookout at home with some games is costing a little less.
“Hamburger patties, hot dogs, those are down meaningfully, as are sports equipment if you are buying that Wiffle ball set or a volleyball set for the outdoors, that's also cheaper,” says Silver.
