GO in the Know: Inflation, a Donut Deal & Top Financial News for April 12

GO in the Know
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Inflation and recession are unfortunately the top buzzwords on this Tuesday, but there’s plenty more financial news out there to digest, and GOBankingRates has got you covered.

The Big Lead: Inflation Hits 40-Year High

The Labor Department released its Consumer Price Index, and the 12-month increase ending in March was 8.5% — the largest increase since the period ending December 1981.

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Business Spotlight: Krispy Kreme

Krispy Kreme is offering a dozen of their Original Glazed Donuts for the price of a gallon of regular gas. On April 12, the national average price of gas was $4.098, based on AAA gas prices. So, considering a dozen Original Glazed Donuts typically costs $7.99, let’s just say the sale could be called an “inflation-beater.”

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Well That’s Interesting: Consumers Change Grocery Shopping & Dining Out Habits

With inflation at a 40-year high, consumers have been limiting food purchases and are changing their grocery habits, a new CivicScience report finds.

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Bonus: Common Tax Mistakes To Avoid

With the 2022 tax filing deadline fast approaching — most Americans must have their returns filed by April 18 — it’s important to avoid mistakes even if you feel panicked to get your return filed on time.

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ICYMI: Yesterday’s GO in the Know

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