Food Prices Surge
Business Insider — Your next meal is getting more expensive. Here’s what’s driving the surge in food prices.
“Food prices are rising in tandem with a broader inflation trend in the US. While vehicle and fuel costs have led the surge in consumer prices, food prices have also risen as increased demand meets supply-chain snags. Key commodities have become increasingly difficult to obtain due to shipping delays, the national labor shortage, and severe droughts in key countries.”
Summer Retail Sales
“Retail wars are waging as Amazon’s Prime Day prompts rival retailers to spin their own version of discount deals.
Major heavy hitters in the space from Walmart and Target to Kohls and Best Buy are now offering competing sales.”
Back-to-School Spending Forecast
CNBC — Back-to-school spending likely to top pre-pandemic levels as parents and kids seek a fresh start
“The back-to-school season is usually a time of new beginnings, but consumers are more eager than usual for a fresh start after the pandemic. That emotion will fuel spending, according to a new forecast.”
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