The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind

Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California. Justin Sullivan | Getty Images A measure that the Federal Reserve focuses on to gauge inflation rose in March, likely cementing the central bank’s intention to raise interest rates by half a percentage in May. The core personal consumption … Read more

As food prices soar, some states consider cutting taxes on groceries

A person shops for groceries at Lincoln Market on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images New government inflation data shows prices are surging in one key area – food. Now some states are looking at helping to reduce that … Read more

To hike price, or not: Consumer firms caught in a cleft stick

High commodity inflation had also impacted the margins of Maruti Suzuki in the December quarter with its Ebitda declining 30% on a year-on-year basis. Companies in the construction, real estate, FMCG, automobile, and aviation business are caught in a bind with the commodity prices estimated to rise further as a fallout of the Ukraine crisis. … Read more

Are $ 180 Alaskan red king crab legs worth the money?

There’s a reason videos of people eating copious amounts of crab legs rack up millions of views on Youtube. People love watching almost as much as they love eating them. In fact, there are entire channels dedicated to devouring crab of all types. But not all crab legs are created equal. Snow crab legs are … Read more