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More Posts on inflation
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.
Ready to take inflation into your own hands? (Things are so darn expensive right now!) Here's how you can tackle it.
The production index rose to a reading of 24.2 in September, up 3.4 percentage points from 20.8 in August.
Richard Galanti, Chief Financial Executive of Costco, told participants on an earnings call on Sept. 23 that the company was facing supply chain issues and inflationary pressures.
'The rosy scenario that is currently priced into financial markets may turn out to be a pipe dream,' Roubini says.
University of Michigan's consumer sentiment index edged up to a reading of 71 in September, a slight uptick from August's 70.3, which was the lowest level since 2011.
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.
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.
The Labor Department said in a Sept. 10 statement that, for the 12 months ending in August, the final demand producer price index (PPI) jumped by 8.3 percent, the highest number in the history of the series.
Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a manner similar to the 2008 Global Financial Crisis.