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Axios: Prices Expected To Continue Rising This Summer

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Axios:

“Prices are expected to keep rising this summer, pushed up by bottlenecks for materials and labor, and surging consumer demand, Reuters reports.

Why it matters: The “Memorial Day Weekend price index” showed leisure-related prices up about 4.3% since the pandemic began — more than overall consumer prices, which rose 3.1% over that period. …”

Daily Mail:

“A New Hampshire restaurateur has apologized to customers for putting prices up after the cost of basic items like oil, meat and gloves rose by as much as 300%.

Alan Natkiel, the owner of Georgia’s Northside in Concord, says the price of brisket has gone up 185%, chicken breast is up 70%, and fryer oil costs have doubled in the past three months, while plastic gloves were three times as expensive as pre-pandemic prices.

The price of disposable gloves have soared by 300%.

Natkiel says the surge in prices has even forced him to stop serving chicken wings as a national shortage has made them so pricey they were no longer commercially viable. 

He shared his frustration in a Facebook post at having to put meal prices up, as inflation reaches its highest level since 2008.

‘You don’t want to be like, ‘Hey customers, I just raised the price of your food because I have a glove issue,’ he told WMUR.com

‘They don’t really want to hear that.’  …”



Source: http://www.occidentaldissent.com/2021/05/30/axios-prices-expected-to-continue-rising-this-summer/


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