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(CNN) There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something s got to give.
The US government reported last week that consumer prices, excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams is lifting the price of paint, one of many companies that s responding to higher commodities costs.
Food prices are also surging. Chipotle just raised prices. So did Campbell Soup.
And the chief financial officer of restaurant and arcade chain Dave & Buster s said during a recent earnings call with analysts that he expects a 6% to 8% increase in food costs for 2021 due to higher chicken, beef and dairy prices.
Investors and the Fed aren t freaking out about inflation Should they? kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.