- June 18, 2021
- Posted by: Stratford Team
- Category: Business
KPMG chief economist Constance Hunter, Heritage Capital President Paul Schatz and David Nicholas of Nicholas Wealth Management on the latest Consumer Price Index numbers, inflation, the Federal Reserve and today’s markets.
Kroger Co. says inflation is starting to creep up, but that it’s too early to tell if higher prices are permanent.
The Cincinnati-based supermarket operator says it is planning for inflation of 1% to 2%, but that prices are increasing at a faster pace in its fresh-food departments.
Ticker Security Last Change Change %KR KROGER 39.18 +1.63 +4.34%
“We are seeing, as I think would be consistent across the industry, some increasing cost flows starting to flow through in grocery,” Kroger CFO Gary Millerchip on the company’s first-quarter earnings call on Thursday.
He noted produce and meat prices tend to be more volatile in the short term.
FED’S POWELL USES LUMBER PRICES TO EXPLAIN INFLATION PATH
The Bureau of Labor…
