Price increases

News and Trends

FAME II Subsidy Cut; EV Players Set To Hike Price

The committee, set up by the ministry, had recommended certain changes to improve the viability of the development of public charging infrastructure for electric vehicles

Business News

Starbucks Is Making Big Changes to Its Rewards Program Starting With 'Free' Drinks

What once cost Starbucks Rewards members 50 points or "stars" will now double.

Business News

Walmart Has The Power to Say No to High Prices Set by Suppliers — But We Don't. Here's What Small Businesses Can Do to Reduce Costs.

With the economy slowing, the retail giant warns vendors not to raise prices. But small businesses can't flex like Walmart. Here's what you can do to keep supplier and vendor costs down.

Business News

Forget Gas Prices -- Car Prices Have Reached Record Highs

'I joke with people that every new car purchase is a luxury car purchase, I don't care what you're buying.'

Business News

Prices for New Vehicles Hit Record High: Kelley Blue Book

"New-vehicle average transaction prices (ATPs) increased further into record territory in December 2021 to reach $47,077," said the Kelley Blue Book report published Tuesday.

Business News

Inflation Jumps 7 Percent Annually in December, Fastest Pace Since 1982

The Bureau of Labor Statistics (BLS) reported on Jan. 12 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 7.0 percent in the 12 months through December, a level not seen since June 1982, when it hit 7.2 percent.

Business News

Used Car Prices Surge 39 Percent Over 12 months Through November

A used car in the United States costs approximately 39 percent more than what it did a year back.

Business News

Little Caesars' $5 Hot-N-Ready Pizza Is No More

The famous menu item undergoes a permanent price hike.

Business News

Falling Gas Price Trend Likely Bottomed, Drivers Should Brace for Pain at the Pump: Experts

National average retail gasoline prices have been in a downward trend since peaking at $3.505 for the week ending Nov. 8, according to the Energy Information Administration (EIA).

Business News

Prices Expected to Rise Two Times Higher Than Wages: Fed Survey

According to data from the Bureau of Labor Statistics, the Consumer Price Index increased 6.8 percent in the 12 months through November, the fastest climb in 39 years.

Business News

Business Economists Expect Persistent Inflation: NABE Survey

A survey released on Dec. 6 by NABE shows that its panel of forecasters expects consumer prices to rise 6 percent in the final quarter of the year compared to the year-ago quarter.

Business News

Survey Reveals Thanksgiving Food Costs Up 14 Percent

The findings found "the average cost of this year's classic Thanksgiving feast for 10 is $53.31 or less than $6.00 per person. This is a $6.41 or 14% increase from last year's average of $46.90."

Business News

Food-Bank-Dependent Families Suffer from Supply Chain Disruptions

Inflation, shipping delays, supply-chain issues, pandemic lockdowns, and labor shortages have contributed to price increases and scarcities that have now started affecting food banks across the country.

Business News

Billionaire Supermarket Owner Warns: Food Prices Will Go Up 'Tremendously'

John Catsimatidis, the owner of a New York City supermarket chain, predicted the food prices will increase sharply in the coming months.