Inflation

Inflation Steals Restaurateurs’ Cheer | mint

Earlier, the chain, which has about 185 outlets, used to buy raw materials every two-three weeks; this has changed to three-four months for packaging and non-perishable items. Chaayos has also procured capital expenditure (capex)-heavy items such as store equipment in advance to tackle price escalations, says Saluja. The chain’s costs have risen 10% over the …

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Bank of England’s Andrew Bailey issues ‘apocalyptic’ food price warning due to impact of Ukraine war

The Bank of England chief today issued an ‘apocalyptic’ warning about soaring food prices as he told MPs the Ukraine war could yet deepen the cost-of-living crisis. Governor Andrew Bailey revealed how further food inflation was a ‘major worry’ for the central bank, with particular concerns about wheat and cooking oil. He described how the …

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Bank of England chief faces anger of MPs in hearing TODAY

Andrew Bailey today denied the Bank of England has been ‘asleep at the wheel’ on inflation as he faced a roasting from MPs. The Governor lashed out at criticism in ‘hindsight’ but conceded the Bank is facing the biggest challenge to its structures for 25 years as he gave evidence to the Treasury Committee on …

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$10 Toothpaste? US Household Goods Makers Face Blowback on Price Hikes | Investing News

(Reuters) – Get ready for the $10 tube of toothpaste. Colgate-Palmolive Co CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product “vital” to its ability to raise prices, which will help drive profit growth this …

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One Of The Cheapest Clothing Brands Out There Is Raising Prices

From homes and cars to baby diapers and bacon, there isn’t a single expense that hasn’t yet felt the toll of inflation — and fast fashion, or the $10 jeans and t-shirts that many rely on to clothe their families, is one of the latest victims of higher material, shipping and labor costs. Primark, the …

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