Category: price hikes

Small-Business Sentiment Remains Low as Firms Struggle With Inflation

The National Federation of Independent Business’ (NFIB) Small Business Optimism Index increased in July, but remained below its 48-year average, indicating the struggle facing the sector. The July index came in at 89.9, up 0.4 points. But it was the sixth consecutive month that the index was below its 48-year average of 98, an Aug….

Canadian Food Suppliers Signal More Price Hikes Coming to Grocery Stores This Fall

Canadian food suppliers are once again issuing notices to grocery retailers informing them of upcoming price hikes. The letters signal more price increases will hit grocery stores this fall in a year that has already seen nearly double digit increases in food costs. In some cases, the higher prices are due to the Canadian Dairy…

Consumer Confidence Edges Lower Amid Inflation and War Concerns

Consumer confidence dipped slightly in April 2022 following an increase in March as worries about inflation and the Russia–Ukraine war continued to weigh the economy down, according to a survey conducted by The Conference Board. The Consumer Confidence Index in April was at 107.3, down from 107.6 in March, an April 26 press release stated….

Industry Groups, Drivers, Fishermen Join Protests as Inflation Hits 37-Year High in Spain

Spanish inflation accelerated to its highest level in almost four decades as the country continues to grapple with soaring energy prices while citizens grow impatient with the government’s efforts to control the situation. Estimated annual inflation of the consumer price index (CPI) in March was 9.8 percent, according to data from Spain’s statistics office. This…

Albanian Protesters Blame Government for Price Hikes

TIRANA, Albania—Thousands of Albanians took to the streets of the capital Tirana Saturday to protest against sharp price increases on fuel and food that authorities blame on the war in Ukraine. Albanians from across the country converged on the main Skanderbeg Square before marching in front of Prime Minister Edi Rama’s office with banners and…