Prices changing so quickly…  Soaring costs online flash warning for Fed…

Sharing is Caring!

Inflation turns money into a foreign language.

The rising cost of gas, food and hundreds of other things is pushing Americans to rethink how they read every price tag. Whether in the produce aisle or the used-car lot, our definition of cheap or expensive has changed, researchers on consumer psychology say.

www.wsj.com/articles/how-to-adjust-your-brain-for-rising-inflation-11649764867

Prices for online goods continued to surge in March at a record pace, data released on Tuesday from Adobe Inc showed, adding a potentially troubling dimension to the Federal Reserve’s battle to slow the overall pace of price increases.

Adobe’s digital price index increased by 3.6% from a year earlier, the same as in February, with costs for apparel – long a category with heavy online discounting – up 16.3% from a year before and online grocery prices up 9%.

See also  High Gasoline And Diesel Prices Are Here To Stay

Adobe began publishing a monthly digital price index last year, tracking tens of millions of online goods in 18 categories aligned similarly to the government’s Consumer Price Index.

financialpost.com/pmn/business-pmn/soaring-prices-of-online-goods-may-flash-another-warning-for-the-fed

Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS
Stores impose purchase limits after Abbott recall adds to strain on already limited supplies

www.wsj.com/articles/baby-formula-shortage-prompts-rationing-at-target-kroger-walgreens-and-cvs-11649781594

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  Bidenflation Still Soaring, But Metals Dive -15% Since May 4th (Food UP 61.5% Under Biden, Gasoline UP 86%, Diesel UP 111%, Rents UP 16%)

Views: 30

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.