Retail News & Headlines
July 30, 2021

Top stories in retail news and the business headlines that interest us today.

Key Inflation Indicator Up

Key Inflation Indicator Up

“An inflation indicator that the Federal Reserve uses as its key guide rose 3.5% in June, a sharp acceleration that was nonetheless right around Wall Street expectations, the Commerce Department reported Friday.

The personal consumption expenditures price index, which excludes food and energy, was expected to increase 3.6% at a time when the U.S. economy has seen its highest inflation pressures in more than a decade.

That gain was slightly ahead of the 3.4% May increase and represents the biggest move since July 1991.”

Food Prices on the Rise

Food Prices on the Rise

“While many of the companies are looking to raise prices for the second time this year, experts say prices increases will likely not stop there and will continue to rise even further in the coming months as shipping delays show no signs of easing, and poor weather conditions across the globe threaten food supplies.”

CDC Updates Mask Guidance

CDC Updates Mask Guidance

“The Centers for Disease Control and Prevention issued new guidance on Tuesday recommending indoor mask use in areas with high transmission rates after new data suggested fully vaccinated individuals are not just contracting Covid-19 but could potentially infect others.”

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