Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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Delta variant, supply-chain chaos threaten to derail strong back-to-school shopping season

A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California. Justin Sullivan | Getty Images News | Getty Images U.S. shoppers are growing more anxious about visiting stores and trying on clothing in dressing rooms, according to a recent survey. Some of those polled by First Insight also say they are beginning to cut back on spending due to the resurgence in Covid cases. Both trends threaten to slow momentum for what many were predicting to be an incredibly strong back-to-school shopping…

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Coca-Cola will raise prices to offset higher commodity costs

James Quincey, the CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Coca-Cola will raise prices on its drinks to combat the impact of higher commodity costs. The beverage giant joins a number of other consumer giants, like Kimberly-Clark and J.M. Smucker, in hiking prices. While the move will help their profit margins, it may come at the expense of cash-strapped consumers who are still struggling from the economic impact of the…

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