Report: Consumer goods saw June price jump

NORWALK - As the U.S. Labor Department reports consumer prices jumped in June, Norwalk residents say they're turning to coupons for relief.

The new report shows prices shot up at the second fastest pace in 26 years last month, but that didn't surprise many in Norwalk. Many say they've noticed their checking accounts dropping faster than expected as the prices on groceries and gas continue to climb.

Marge Kitchens, of Norwalk, says it's tough to live on Social Security benefits with the soaring costs.

"I buy the fruit that's on sale and any items on sale that I use," she says. "I don't know what they expect us to do."

Fairfield University professor Edward Deak says it's important for people to be smart with their money, and utilize using coupons, buying sale items and trading name-brand products for the store brands.

"These are all things people forget to do when times are good and there's a lot of cash," Deak says.

Rising energy and food costs plus the housing market trouble have created a perfect storm, the professor says.

"I think that you're just buying what you need now. You're not going overboard," Deak says.

advertisement | advertise on News 12

Trending Video

Officials say the incident happened around 2 a.m. 1 1 injured in Stamford shooting
Police say they are investigating a shooting in 2 Police: 22-year-old shot in Bridgeport
News 12 asked viewers what they thought of 3 Connecticut Talks Trump: First 100 Days
Police say a Bridgeport man was shot multiple 4 Man shot multiple times in Bridgeport apartment complex
Greenhouses and farms on the East End are 5 East End: Flowers in full bloom

advertisement | advertise on News 12


Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.