Local businesses react to inflation slightly easing

SANTA MARIA, Calif. – According to a new report, U.S inflation is slightly easing for August.

Customers at the Town Center Mall said that even though there has not been that much of an increase in inflation these last two months, it has been challenging for them financially.

Angie Maldonado is the co-owner of the dream collection, an event rental business inside the Santa Maria Town Center Mall. 

She said inflation had impacted her business. 

“Pretty much everything has gone up,” said Maldonado. 

However, the small business owner said she has been trying to keep her prices as affordable as possible. She knows customers are also feeling a pinch in their wallets.

“I understand everything is expensive, and I know our prices can go up,” said Maldonado. “But I feel like it wouldn't be right, just because our sales would go down.”

Event planners say the cost of helium has dramatically increased from $100 to $300 dollars a tank. They said they drive to Los Angeles simply to refill their tank.

The U.S. Bureau of Labor Statistics reported that inflation increased by 0.1% in August.

Over the last year, it's up more than 8%.

Customers like Selena Moral said it’s been tough trying to save money. 

The mother of three said her husband is the only person working in the household now. 

“Coupons, I have been trying to look for coupons, you know,” said Moral. “And if I see something good and special, I go, and I get it.”

“We have a mortgage,” Moral. “So we have two car payments, and then it’s been so hard,” said Moral.

She hopes things get better in the future. 

“Trying to be, you know, on a budget,” said Moral. But trust me, it is really, really hard.

In reaction to the report, the stock market closed with a loss of 4%.

Which is the worst day since June.