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Tag: Inflation

Prices at McDonald’s are up, but fast-food giant wants consumers to know by how much
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National, The Street

Prices at McDonald’s are up, but fast-food giant wants consumers to know by how much

By Daniel Kline | The Street Perception is not reality and McDonald's  (MCD)  has faced some of the same narrative problems (perhaps without the political overtones) that the gasoline industry has. Addressing the issue, McDonald's President Joe Erlinger wrote an open letter to the chain's customers. McDonald's has faced a situation similar to that of gasoline prices, after a picture of an $18 Big Mac meal went viral. That image was real — but it's also an outlier.  "Recently, we have seen viral social posts and poorly sourced reports that McDonald’s has raised prices significantly beyond inflationary rates. This is inaccurate," Erlinger wrote.  "And for a brand that proudly serves nearly 90% of the U.S. population every year, we feel a responsibility to...
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Bond markets sound inflation alarm, testing record run for U.S. stocks
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National, The Street

Bond markets sound inflation alarm, testing record run for U.S. stocks

By Martin Baccardax | The Street Global stocks turned lower this week as investors hit pause on an impressive spring rally amid new warning signals from the bond market that suggest inflation pressure could remain elevated well into the summer months.  The S&P 500 has printed no fewer than 24 record highs this year, and has powered to a five-month gain of around 11.25%, on the strength of improving corporate earnings, a resilient economy and outsized gains in the tech sector tied to the surge in artificial-intelligence investments.  On the fixed-income side, however, things have been notably dour, with global government bond portfolios down 4.9% for the year, according to data from Bank of America's 'Flow Show' report. Bond investors are typica...
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Rising price to eat out is ‘benefiting our business’, Walmart CEO says
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National, The Street

Rising price to eat out is ‘benefiting our business’, Walmart CEO says

By Jena Warburton | The Street If it feels like every time you visit the grocery store you part with a little bit more of your emotional well-being each time, you're probably not alone.  Plenty of goods and staples – food included – are more expensive than they were one year ago, or even one month ago.  The Consumer Price Index shows that, in April, prices increased by 0.3% from March. The CPI ticked up 3.4% on a 12-month basis, about in line with expectations but certainly showing no signs that inflation is coming down anytime soon.  READ THE FULL STORY AT THE STREET
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Trump PAC creates virtual ‘Biden-Mart’ grocery store, with mind-blowing product price hikes since 2021
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Commentary, Red State

Trump PAC creates virtual ‘Biden-Mart’ grocery store, with mind-blowing product price hikes since 2021

By Bob Hoge | Red State The Make America Great Again Inc. Trump super PAC has built a Biden grocery store website where you get to pick your items, and then it tells you what the final bill would have been under Trump.  Then it shocks the pants off you with what it now costs after three years plus of Bidenflation.  It's funny and sad at the same time; it's funny because it mocks Biden and his failed policies, but it's sad because those policies have hurt regular Americans. READ THE FULL STORY AT RED STATE
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February inflation report a setback for Fed rate cut plans; prices up 3.2%
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National, The Washington Post

February inflation report a setback for Fed rate cut plans; prices up 3.2%

By Rachel Siegel | The Washington Post The Federal Reserve is looking for steady, reliable signs that inflation is simmering down before it cuts interest rates this year. So far, 2024 has not delivered. Data released by the Bureau of Labor Statistics on Tuesday showed prices rose 3.2 percent over last year, slightly outpacing forecasts of 3.1 percent. Prices also rose 0.4 percent in February over the previous month — in line with expectations, but still hotter than economists would like to see. Those top-line figures represent just a snippet of a bigger economic story. But they also added a dose of uncertainty about whether the Fed’s inflation fight is getting tougher after 2023’s remarkable progress. Markets dipped slightly into the red shortly after Tuesday’s open, before postin...
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Say hello to the $18 Big Mac Combo Meal, As Fast Food Prices Soar
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National, New York Post

Say hello to the $18 Big Mac Combo Meal, As Fast Food Prices Soar

By Lisa Fickenscher | New York Post Is the $18 Big Mac combo what finally broke America? Low-income customers making less than $45,000 per year have largely stopped ordering from McDonald’s, the fast-food giant’s chief executive Chris Kempczinski admitted Monday on an earnings call with Wall Street analysts. A Big Mac, fries and drink has risen to nearly $18 at a handful of locations while hash browns are up to $6. And it’s driven away customers fed up with inflation. Global same-store sales in the latest quarter had grown just 3.4%, falling short of the 4.7% growth Wall Street had expected and largely driven by menu price increases, the company said this week. READ THE FULL STORY AT THE NEW YORK POST
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One rate that hasn’t risen is on savings accounts, and it would help millions
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denvergazette.com, National

One rate that hasn’t risen is on savings accounts, and it would help millions

By Joseph Lawler | The Gazette Rates have soared for mortgages, credit cards, auto loans, and a range of other debt products, but not for savings accounts at big banks used by millions.  Yields on savings accounts at megabanks like Bank of America and Chase remain near zero. Savers, many of whom might lack financial discipline after years of living in a low-rate environment, have trillions in accounts that are yielding nothing and getting eroded by inflation.  “I really implore people to look outside their relationship with their current megabank,” said Amy Hamasaki, the owner of Mountain Wealth Planning. “These banks are making so much money off of these individuals having so much money earning nothing.”  READ THE FULL STORY AT THE GAZET...
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Denver Water rate increase goes into effect
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Denver Metro, denvergazette.com, Local

Denver Water rate increase goes into effect

By Sage Kelley | SOURCE: DENVER GAZETTE Don't be alarmed by higher water bills come the end of the month. Water rates increased on Jan. 1 for the almost 1.5 million people served by Denver Water, nearly 25% of the state's population. The estimated rate increase for a single-family home that uses the same amount of water as it did in 2023 will be an average of $1.60 to $2.30 per month, depending on where they live in the city. The rate increase was approved Oct. 11 by Denver’s Board of Water Commissioners. The new rates will help fund “once in a lifetime” projects to the city's water system, an official said. “Denver Water is at a pivot point. These are historic times and we’ll be affected, just as the communities we serve will be affected, by climate change, popula...
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Inflation rises slightly to 1% in December in producer price index
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denvergazette.com, National

Inflation rises slightly to 1% in December in producer price index

By Zachary Halaschak, Washington Examiner | SOURCE: The Gazette Wholesale inflation, as measured by the producer price index, ticked up slightly to 1% for the year ending in December as the Federal Reserve keeps interest rates high. The new numbers were released on Friday by the Bureau of Economic Analysis. The December increase came after a 0.8% annual increase the month before. Most forecasters anticipated a slight uptick in wholesale inflation in December. On a month-to-month basis, the wholesale price index fell by a tenth of a percentage point. READ THE FULL ARTICLE ON GAZETTE.COM
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