Unless you've got a craving for chicken wings, this year's Super Bowl party might leave your wallet a little lighter. 
As the Kansas City Chiefs set to do battle with the Philadelphia Eagles in front of an audience likely to soar over 100 million, many together with friends and family at parties.
Those Super Bowl parties could be the latest thing inflation wreaks havoc with, EvdeN evE NAKliYAT as the price of food and drink has gone up in 2023. 
The Consumer Price Index claims that alcoholic beverages have gone up six percent in cost from 2022.
Even your party's designated driver will suffer: the cost of non-alcoholic drinks rose 13 percent year-over-year. 











Both alcoholic and non-alcoholic beverages have seen a surge in pricing












Inflation has rocked the United States hard in the past year, with Miami being hit hardest as consumers continue to get priced out

The top ten was rounded out by New York/Newark, Baltimore, Detroit, St.

Louis and Chicago. 
Los Angeles and San Francisco had some of the lowest inflation rates, which may be due to a slowing of people moving to those areas. 
Dallas, the Twin Cities, and Baltimore are suffering some of the country's highest rates of inflation for food prices, which rose 14.1%, 13.7%, and 13.5% in those cities respectively, according to an Axios analysis. 
The news comes after the Federal Reserve raised its target interest rate by a quarter of a percentage point, and signaled that even though inflation is easing, it remains high enough to require further hikes. 
The increase announced Wednesday set the US central bank's benchmark overnight interest rate in the 4.50-4.75 percent range, the highest since November 2007, when rates were slashed at the onset of the financial crisis.
Though this increase was smaller than its previous hike - and even larger rate increases before that - the Fed's latest move will further raise the costs of many consumer and business loans, and could increase the risk of a recession. 
In a policy statement, the Fed continued to promise 'ongoing increases' in borrowing costs, a signal that policymakers intend to raise their benchmark rate again when they next meet in March and perhaps in May as well.

 
Still, the major stock indexes, which had spent the day in the red, rallied to positive territory as Fed Chair Jerome Powell spoke after the decision, with the S&P 500 gaining 1.59 percent late in the session. 











Seattle finished 2022 with the second-highest annual inflation rate increase























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Although the labor market remains tight, Leer said it 'remains premature to conclude American workers will emerge unscathed from this hiking cycle' as the full impact of higher interest rates on the job market has yet to play out.
The Fed is attempting to tame inflation by slowing the economy with higher interest rates, but hopes to avoid triggering a recession.
For consumers, the rate hike will likely mean higher interest payments for credit cards and variable-rate loans. 
Mortgage rates, however, remain near 6 percent after peaking above 7 percent in October, and experts expect them to remain relatively stable or fall further. 
Generally, mortgage rates follow yields on the 10-Year Treasury note, which have fallen significantly in the past month amid signs of slowing inflation.  
The Fed is attempting to walk a tightrope by raising rates enough to battle inflation, without tipping the economy into a full-blown recession.
Many economists and business leaders expect a recession sometime in 2023, evDeN EVe NAkLiYat though there have been recent signals that the economy remains stronger than expected.