In Riverside, Ontario and San Bernardino, inflation is up about 1.4% in the last two months. Further hurting consumers, the price hikes are hitting a city with a 5.5% unemployment rate, which is higher than the national average.

Experts feel this rise is due to rising energy costs and the price of natural gas in the city.

Los Angeles wasn’t far behind, according to the report released by WalletHub that cited the Bureau of Labor Statistics, claiming the No. 9 spot on the list with cities like Miami, San Francisco and Seattle just ahead.

Nationally, inflation held at 3.4% in April, edging closer to the Federal Reserve’s target rate of 2%, though stagflation continues to hamper the economy.

Stagflation is an economic condition characterized by stagnant growth, high unemployment and high inflation. It presents a unique challenge because typical measures to combat inflation, such as raising interest rates, can negatively impact unemployment and growth.

Though many are hoping the economy begins to grow, many consumers are losing faith.

Experts predicted Tuesday that student loan rates will balloon to the highest they’ve ever been, hovering around 6.53% for undergraduate direct loans.

It’s been 16 years since rates have been this high for students, which includes hikes to both graduate and parent loans.

This, coupled with the record-high home loan interest rates, could mean the economy is headed towards recession, with debt fueling the growth for many Americans.

The Fed will look to lower interest rates next month, although many experts believe the rates won’t come down until 2025.

The post Riverside has the fourth-worst inflation rate in the U.S. appeared first on The Hemet & San Jacinto Chronicle.

HSJC | Staff

2022 Marks 25 years since Marcelo Doffo purchased that piece of land of Temecula Valley that one day will become home to one of the region’s premier wineries.

To celebrate, the Doffo family has planned a series of events for August that will bring fun to the community and promote togetherness in a difficult time in various aspects.

The Doffos hope to pass on their love and passion for the land that bears the fruit to produce one of the best artisanal wines in the region, celebrating with various musical events, festivals, and big parties.

Late Nights, Live Music – James Isaac

Friday, August 12, 2022 from 5:00 pm – 9:00 pm

Friday just got a whole lot better, because Doffo Late Nights are here! Clock out of work and check in with us for a fun night of live music in the MotoBarrel Room, featuring delicious bites from the FYS food truck and your favorite Doffo and MotoDoffo wines. Friday, August 12 | 5pm – 9pm James Isaac (Instagram) Free to attend and open to the public; food and drinks available for purchase. Reservations not required but encouraged! Book your table…

25th Anniversary Celebration – Latin White Party 2022

Saturday, August 13, 2022 from 6:00 pm – 10:00 pm

Our biggest bash of the year is back, and better than ever! Join us on August 13th as we celebrate 25 Years in Temecula Valley with our famous White Party! This year will be a Latin themed soiree, and as always make sure to dress to impress in all white!

• Dance to LIVE entertainment by Sabrosas Latin Orquesta, a 12-piece all-female Salsa Band!
• Dine on a LIVE Spanish Paella Station
• Sip on Sangria, Doffo Wine, and be the first to sample the Doffo Winery 25th Anniversary Commemorative Wine! (Cash Bar for Additional Wine Purchases)
• Wear all white and come dressed to impress

Late Nights, Live Music – Rock Box DJ Truck

Friday, August 19, 2022 from 5:00 pm – 9:00 pm

To keep going with the Doffo Late Nights, Rock Box DJ Truck (Facebook, Instagram)

Free to attend and open to the public; food and drinks available for purchase. Reservations not required but encouraged! Book your table here.

Unfortunately, the event Rock the Vines Summer Concert Series: Queen Tribute, “The Kings of Queen” it’s SOLD OUT already, but Doffo winery will present other nice concerts and events that you may be interested in.

Watch the Grand Prix of Austria at Doffo

Sunday, August 21, 2022 from 9:00 am – 11:00 am

The 2022 MotoGP rolls on with the Grand Prix of Austria on Sunday, August 21st! Join us as we will be seating parties outside on the MotoBarrel Room Patio and will be showing the Moto2 and MotoGP races from the Red Bull Ring on the big screen. Coffee and cold brew will be available for purchase from the MotoDoffo coffee cart, and Fuego Y Sal will be onsite grilling up lunch specials! Plus we’re raffling off swag bags to a few lucky attendees at each race, so make sure you reserve your table!

• Schedule

9:00am | Moto2 Screening

10:00am | MotoGP Screening

11:00am | Lunch & raffle drawing

• Food & Drink Options

Coffee & cold brew from the cart

Special Fuego Y Sal grill menu

Wine flights, glasses and bottles

Space is very limited in this event due to social distancing, so please reserve your table. As a thank you, each table reservation comes with a free cup of coffee from the MotoDoffo coffee cart compliments of Russ Brown Motorcycle Attorneys!

Late Nights, Live Music – 3 Mile Radius

Friday, August 26, 2022 from 5:00 pm – 9:00 pm

Last Friday Doffo Late Nights will close with 3 Mile Radius (Facebook, Instagram).

Free to attend and open to the public; food and drinks available for purchase.

Reservations not required but encouraged! Book your table here.

For more information, tickets, reservations and more, please check the link https://doffowines.com/calevents/

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