Here's why the cost of a bag of Better Made chips is going up
Like their loyal customers, Detroit's iconic potato chip maker Better Made Snack Foods Inc. is feeling the squeeze of inflated food prices. As a result of supply chain disruptions and shortages in key raw materials, the cost of a bag of Better Made barbecue flavored potato chips is going up. …
Surging inflation is forcing people and businesses to adapt | AP News
WASHINGTON (AP) — A warehouse worker in Tennessee is running up against price increases that far exceed her modest pay raise. The owner of a pastry business in Massachusetts has had to reduce his product offerings and personally absorb higher costs.
Question of the Day: Inflation recently hit a 31 year high. How much have prices risen in the past year, as measured by the Consumer Price Index? - Blog
Answer: 6.2% This chart shows that many grocery prices have risen even more: Questions: Have you noticed inflation (the increases in prices) in items that you or your family purchase in your own lives? How much do you think that prices have to go up before it impacts consumer behavior and their purchase decisions? What do you think are the causes behind this spike in inflation? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from CNBC): Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday. The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. ------------------------ Wondering who won NGPF's Estimate the Monthly Jobs Report contest?
U.S. posts weakest growth of pandemic recovery on supply issues, COVID surge | Crain's Detroit Business
U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.Gross domestic product expanded at a 2 percent annualized rate following a 6.7 percent…
Americans quit their jobs at a record pace in August
WASHINGTON (AP) — One reason America's employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves. The Labor Department said that quits jumped to 4.3 million in August, the highest on records dating back to December 2000, and up from 4 million in July.