Unilever said that in the third quarter it increased prices by 4.1 percent to “offset rising commodity and other input costs.”
Category archives: inflation
Consumer Goods Giant to Raise Prices on More Staples, Blames Increase in Cost on Raw Materials
Procter & Gamble Co. said it would begin to charge more for oral care, beauty, and razors. Earlier this year, Procter & Gamble said it would charge more for toilet paper and diapers.
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.
US Consumer Prices Surge Higher Than Expected, Hit 13-Year High
According to the latest Bureau of Labor Statistics (BLS) data, the annual inflation rate climbed to a 13-year high of 5.4 percent in September, coming in higher than the median estimate of 5.3 percent.
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.
Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High
The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly higher 0.4 percent rate of monthly inflation.
Mortgage Rates Remain Relatively Flat as Economy Loses Momentum: Freddie Mac
According to the data released Thursday by the federally chartered mortgage investor, the rate on a 30-day fixed-rate mortgage averaged 2.88 percent for the week ending Sept. 9, up slightly from 2.87 percent last week.
5 Myths About Inflation: The Truth Behind Rising Rates
It can be helpful to look at what we know-and don’t know-about inflation. Following are common misconceptions surrounding periods of high inflation, along with the truth behind these myths.
Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High
The Labor Department stated in a report on Aug. 11 that the consumer price index (CPI) jumped 0.5 percent in July from June, which is less than the previous monthly increase of 0.9 percent.
What History Tells Us About Inflation’s Impact on Everyday Americans
What does the risk of high inflation mean for the days ahead? While it isn’t possible to see into the future, a look at rates in the past can help provide some context.