• The Federal Reserve says prices of restaurant meals, cars, and airline tickets could keep rising, thanks to soaring demand and a shortage of workers

    8 days ago - By Business Insider

    Willie B. Thomas/Getty
    Companies are pushing the higher costs of raw materials onto their customers, the Federal Reserve said.
    Price hikes are affecting restaurant, the auto industry, and grocers, it said in a report Wednesday.
    Prices may keep rising in the coming months, the Federal Reserve said.
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    Consumers could be paying more and more for goods in the coming months thanks to current shortages of labor and raw materials, according to a report by the Federal Reserve published Wednesday. Price hikes are already hitting restaurant meals , new and...
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  • JM Smucker CEO says he's seeing widespread inflation and the company is passing some price increases onto consumers

    8 days ago - By Business Insider

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    JM Smucker's CEO, Mark Smucker, sees inflation "across the board" and is passing some price increases onto consumers.
    The CEO added JM Smucker's name to a growing list of consumer staples companies raising prices.
    The firm revealed an 8.1% year-over-year drop in revenue in its fiscal fourth-quarter earnings release Thursday.
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    JM Smucker's CEO Mark Smucker says he's seeing widespread inflation and the company is passing some price increases onto consumers. "We have been seeing inflation over...
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