Inflation jumped 6.4 percent in February
March 31, 2022
Price increases continue at a 40-year high as evidenced by the Personal Consumption Expenditures Index which rose by 6.4 percent for the year ending Feb. 28. The rate in February topped the 6.1 percent rise registered at the end of January. Russia’s invasion of Ukraine has sparked increases in the price of fuel and other commodities, which is expected to result in even higher inflationary rates.
Recent News
Sweetgreen Introduces Steak to the Menu
Sweetgreen, known for its signature salad bowls, has introduced steak to its menu for the first time, marking a significant change for the brand.
Disney Struggles With Streaming Profitability
Disney’s recent financial report reveals a mixed bag of results, with a significant focus on the challenges of making its streaming services profitable.
Starbucks Releases Summer Menu Selections
As summer dawns, Starbucks has unveiled its seasonal lineup, featuring the debut of the Summer-Berry Starbucks Refreshers beverages, available beginning May 7 in the U.S.
Live Nation Addresses Unlikely Breakup Amid Looming DOJ Lawsuit
In a recent discourse addressing the specter of a Department of Justice (DOJ) lawsuit, Live Nation’s chief financial officer and president, Joe Berchtold, offered insights into the impending legal predicament.