Tag Archives: Inflation

President Joe Biden focused much of his State of the Union address tonight on Russia’s invasion of Ukraine but he also wanted Americans to hear his message on surging inflation. “One way to fight inflation is to drive down wages and make Americans poorer,” he said as he attempted to reframe his domestic agenda, adding “I have a better plan to fight inflation: lower your costs, not your wages.” Biden delivered his optimistic economic message Tuesday to remind Americans of economic progress like… Source link

On one hand, they are deliciously creamy, versatile and gloriously Instagram-mable. On the other, they leave an enormous carbon footprint, which hasn’t stopped consumers from slathering them on everything in a way that’s led to a dramatic boost in consumption in recent years. Americans have a “hefty” appetite for avocados — one that’s adding to widespread food price pressures and general scarcity, according to Zhengfei Guan, an associate professor of food and resource economics at the Source link

Customers and companies alike are getting nervous about soaring inflation — but Krispy Kreme (DNUT) is a notable exception. CEO Mike Tattersfield told Yahoo Finance visits are “infrequent” enough that higher prices on its donuts is not steering customers away. “The average user visits a Krispy Kreme two and a half times a year,” Tattersfield told Yahoo Finance in a recent interview. When visitors do walk through the doors, “it’s about a celebration…it’s about a shared experience,” the… Source link

The Wall Street Journal ran a story about high gas prices on Feb. 17, with a photo of pump prices ranging from $4.79 to $5.49. I looked at the caption, and sure enough, it was a photo of a station in California, where gas prices are the highest in the nation, by far. The national average is more than a dollar lower, at around $3.50 That brought to mind Steve Capo of Englewood, Fla., near Sarasota, who writes to Yahoo Finance regularly to comment on exaggerations and mischaracterizations he… Source link

Walmart’s shoppers look to be handling high levels of inflation in food and general merchandise relatively well. “We haven’t seen any meaningful difference yet in how they’re shopping. We know consumers are focused on inflation, but we’re not seeing major changes in shopping patterns,” Walmart CFO Brett Biggs tells Yahoo Finance. “Wages are up, unemployment, low. Consumer balance sheets are still in pretty good shape. So I think all of that helps customers.” Walmart (WMT) saw sales strength… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, February 17, 2022 Inflation everywhere, but ‘depressed’ public shops through it Power Twitter users might be familiar with the catchphrase “tweeting through it.” Loosely defined, it’s a state of ignoring a crisis (one most likely of your own making) by posting about other things as a means of idle distraction. After January’s… Source link

In an exclusive interview Wednesday with Yahoo Finance Editor-in-Chief Andy Serwer, legendary investor Charlie Munger weighed in on the high stakes of soaring inflation in the United States. Citing examples from the Roman Republic to Adolf Hitler to Latin America, Munger said, “Inflation is a very serious subject, you could argue it is the way democracies die.” He notes that it was after of years of inflation when “eventually the whole damn Roman Empire collapsed, so [the current… Source link

Democrats have an inflation problem with voters. And they’ve been pointing in a range of directions to deflect the blame for consumer prices that have increased at the highest rate in 40 years. Targets include supply chain woes, the stalled Build Back Better plan, the gas tax, and lower immigration rates. Some Democrats also contend that across the economy, big corporations have spurred skyrocketing inflation — and that means you could hear the phrase “price gouging” a lot between now and… Source link

Canadian inflation has an effect on the economy whether it’s interest rates, mortgage rates, gas prices or any other thing we require as a good or service. (Getty Images) Canadian inflation topped 5 per cent in January, for the first time since September 1991. Statistics Canada says the Consumer Price Index (CPI) rose 5.1 per cent year-over-year, higher than estimates of 4.8 per cent. It was 4.8 per cent in December. For the sake of comparison, the CPI increased 1 per cent in January 2021 on a… Source link

With prices at historic highs, Valentine’s Day is likely to cost you extra this year. But if you’re up for a romantic night in, the bill may not be as bad as you think. According to data from LPL Financial, despite decades-high inflation levels, the holiday remains “relatively affordable,” compared to inflation in the broader economy. The firm’s Valentine’s Day Index, which tracks the annual prices of four ways to celebrate — jewelry, a night in, a night out, and a vacation… Source link