How prices on everyday products have shifted
Inflation is driving up prices of everyday essential purchases. Many of the biggest food and consumer goods manufacturers have implemented price increases.
A review by Datasembly of a sampling of national average prices for 18 key products from Fortune 500–ranked consumer goods and food manufacturers January 2021 to 2022 found that 11 products saw inflation-beating price increases.
Companies including $JBS SA SPON ADR EACH REP 2 ORD SHS(JBSAY.US$, $Kellanova(K.US$, $Kimberly-Clark(KMB.US$, and $Tyson Foods(TSN.US$ all had products with price jumps that were higher than the 7.5% inflation rate hit in January.
A review by Datasembly of a sampling of national average prices for 18 key products from Fortune 500–ranked consumer goods and food manufacturers January 2021 to 2022 found that 11 products saw inflation-beating price increases.
Companies including $JBS SA SPON ADR EACH REP 2 ORD SHS(JBSAY.US$, $Kellanova(K.US$, $Kimberly-Clark(KMB.US$, and $Tyson Foods(TSN.US$ all had products with price jumps that were higher than the 7.5% inflation rate hit in January.
Source: Fortune, CNBC
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Market news in one chart.
84KFollowers
8Following
25KVisitors
Follow
Anto10x : I need to starting Planting my own food smh
Wonsonlue Anto10x: Agreed. Solar Panels and a garden are going to be key going forward!
God is Light : Offset the Economy..
CrazyEnuff : effen crzy
71123878 : I BET EVERYONE THAT VOTED FOR JOE BIDEN ARE REAL HAPPY RIGHT NOW. INFLATION , FOOD PRICES, GAS PRICES, ALL THEY HAVE TO DO NOW IS RAISE TAXES???? ALL THEY FIGURED OUT HOW TO ..
ALL YEAH AND THEN YOU THROW IN THE FEDS RAISING THE RATES STARTING MARCH 15/16, 2022 AND A TOTAL OF 4 RATE HIKES COMING FROM THE FEDS IN 2022.
WE ARE IN GREAT SHAPE RIGHT JOE OBAMA. I MEAN JOE BIDEN..
YOU ALREADY KNOW THE ( 3 ) THINGS DEMOCRATS ARE GOING TO AND WILL BLAME EVERYTHING ON.
#1) COVID 19/OMICRON/DELTA Variants.....
#2) BLAME THE REPUBLICANS
#3) IT IS ALL DONALD TRUMP'S FAULT.
I GUARANTEE. %150 %