Price increases
More Posts on Price increases
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.
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.
Little Caesars' $5 Hot-N-Ready Pizza Is No More
The famous menu item undergoes a permanent price hike.
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).
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 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.
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."
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.
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.
American Households' Heating Bills Are Expected to Spike This Winter: Federal Agency
The average heating cost for a U.S. household is forecasted to see a double-digit increase this winter.
One of World's Largest Port Operators Warns Global Supply Chain 'Crisis' Will Last Longer Than Expected
Speaking to Bloomberg News, Dubai's DP World Chairman and CEO Sultan Ahmed Bin Sulayem said he expects bottlenecks to continue until 2023. The issues will result in higher costs for shipping goods, he warned.
Dollar Tree Cracks $1 Price Point as Inflation Bites
The company said in a Sept. 28 release that customers have welcomed the rollout of Dollar Tree Plus and Combo store formats, which offer items at higher price points.