Grocery prices climbed 0.4% over the course of the month, faster than the overall 0.3% increase in inflation, according to the data. On an annual basis, food prices remain up 1.2% compared with the same time last year. Food prices are rising for several reasons, including ongoing ...
County grocery tax rates are negatively affected by home states and positively affected by neighboring counties and states.In the game of setting grocery tax rates, states act as game leaders with an optimal one-year lag.Bordering counties are more sensitive to grocery tax rate changes.While state...
Food is another category of spending where consumers may be feeling the pinch, largely because of increasing commodity costs. Prices for corn, grain and soybeans are at their highest levels since 2012, according to the Associated Press. That means higher prices on grocery store shelves and for ...
groceries and "food away from home," or restaurant and other prepared meals. Both are rising, but restaurant prices are increasing at a faster pace, jumping 5.1% on an annual basis compared with a 1.2% increase in grocery costs.
Whole Foods Market is raising prices on hundreds of items, less than two years after e-commerce giant Amazon acquired the organic grocery chain for $13.7 billion and immediately cut prices on stable food items. The price increases apply to an array of items ranging from ice cream to organic ...
So, the EVs that are available must be capable of operating on the highway, at normal highway speeds – just like any other passenger vehicle. But in order to be capable of doing that, a very large, very heavy and very costly energy storage device is necessary. This device being the ...
Why are MNCs often able to purchase more cheaply and sell at a lower price than local firms? Why is economic profit more useful to an entrepreneur? Why do surpluses drive prices down while shortages drive prices up? Why might industry's costs decrease over the long run?
“They’re obsessing over the fact that the prices they pay for the things that are very salient — gas, food, grocery store prices, rent — those things still seem elevated, even though they’re not increasing as rapidly as they were,” Hershbein said. “If everyone had l...
In an interview this week, President-elect Trump started to walk back one of his main campaign promises to lower grocery prices. Democratic strategist Ameshia Cross and MSNBC political analyst Brendan Buck discuss this, Trump’s Cabinet picks, and more.
What are the implications if the government started to control prices for products? Explain why the market is in disequilibrium at a price of $1.75. Explain why prices are not normally factored into the long-run economic growth models. Explain how grocery store use of coupons is price ...