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US wholesale prices remained high last month, a sign progress on inflation may have stalled. Alicia Wallace, CNN. February 13, 2025 at 10:05 AM.
According to the latest Consumer Price Index numbers, prices rose 6.5% from December 2021 to December 2022, which is still a slight improvement from a June 2022 surge when prices rose 9.1% YoY.
A value can be as easily (arbitrarily) assigned as by having a fancy ad with "equally" precious items and a high price tag in a window of a store on Fifth Avenue. When consumers buy a product at a certain price, they become "anchored" to that price, i.e. they associate the initial price with the same product over a period of time.
Several years of oversupply, culminating in 2020, led to plunging oil prices, widespread losses and an industrywide determination not to get burned again. From 2011 to 2014, U.S. oil prices ...
The just price is a theory of ethics in economics that attempts to set standards of fairness in transactions. With intellectual roots in ancient Greek philosophy , it was advanced by Thomas Aquinas based on an argument against usury , which in his time referred to the making of any rate of interest on loans .
High prices are Putin’s fault. After the Russian invasion of Ukraine on Feb. 24, Biden and some other Democrats started talking about the “Putin price hikes.” Nice try.
Low-cost price adjustment With high inflation, firms must change their prices often to keep up with economy-wide changes. But often changing prices is itself a costly activity whether explicitly, as with the need to print new menus, or implicitly, as with the extra time and effort needed to change prices constantly. Tax
Eggs had the most expensive price increase at 37.5%. Most meat and fresh vegetables became more expensive, with annual increases ranging from 0.7% to up to 5.1%. Hers