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Not the farmers.
The consumer price index captures how much urban residents spend on goods and services, but it misses some of the nuance of rural life.
We zoomed in on the cities where inflation has risen the most and the least.
“We feel super rich,” one visiting couple said.
When conditions leading to inflation ease, don’t get your hopes up that prices will go the other way.
Raw material and shipping expenses have shot up. But price hikes aren’t the only way business owners can cover their costs.
The cost of commodities has gone way up, and spendy raw materials suggest more inflation in 2022.
“How do you set your price when you don’t know if it’s going to be $12 a pound or $37 a pound?” says Togue Brawn of Downeast Dayboat.
It all depends on how much inflation the central bank sees in the economy.
The rising cost of food is hitting restaurants — and they can only raise prices so much before customers balk.