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Get Ready to Pay More, Say CEOs of These 6 Major Companies
These corporations are warning that price hikes are coming or already have arrived.
If unwelcome fears of inflation suddenly are haunting you, join the club.
Rising prices tend to scare the heebie-jeebies out of most of us, especially those on fixed incomes. Everyone from investors to retirees appears to be spooked by recent jumps in the price of goods and services.
Recently, Treasury Secretary Janet Yellen acknowledged that price increases are likely to continue for the next several months. But perhaps more alarmingly, corporate CEOs themselves the leaders of the companies that raise prices are warning customers that shopping is about to become more expensive.
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US consumer prices surge in June by the most since 2008
CHRISTOPHER RUGABER, AP Economics Writer
July 13, 2021
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1of3A sign displays the price for shirts as a shopper peruses the offerings at a Costco warehouse on Thursday, June 17, 2021, in Lone Tree, Colo. American consumers faced a third straight monthly surge in princes in June, the latest sign that a rapid reopening of the economy is fueling a pent-up demand for goods and services that in many cases remain in short supply.David Zalubowski/APShow MoreShow Less
2of3FILE - In this Thursday, June 24, 2021 file photo, patrons dine at City Winery in New York. American consumers faced a third straight monthly surge in princes in June, the latest sign that a rapid reopening of the economy is fueling a pent-up demand for goods and services that in many cases remain in short supply. The economy s reopening from the pandemic has released pent-up demand as consumers increasingly travel, dine out, and
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