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The chain has benefited from ’90s fashion trends, a good supply chain and looking outside of malls, says Elizabeth Segran of Fast Company.
That’s the biggest year-over-year increase in 20 years. Inflation is just part of the reason.
Uncertainty and high costs continue to worry businesses and exert upward pressure on inflation.
Grocery prices are up more than 12% over the past year. Climate change, the war in Ukraine and energy costs all have something to do with it.
Employees have leverage, for now, and rising prices provide a rational justification for requesting a raise.
While consumers cut back on goods spending, spending on services jumped.
“We’re wondering what this next crop year brings,” said Brian Duncan. “But farmers are price takers, and that puts us in a really tough spot.”
While ad revenue growth is slowing down, experts don’t see a decline coming.
When inflation raged decades ago, some marketers saw it as an opportunity. Now, the money-saving pitch is more subtle.
Attempting to curb the highest inflation in more than four decades, the Federal Reserve moved to raise its key rate to a range of 2.25% to 2.5%.