Saturday, July 31

Price increases

Consumer Price Index, Economy, Food, grocery, inflation, Price increases, Restaurants, Retail, Snacks

The price of vending machine food just jumped by a record amount as Pepsi, Coca-Cola, and snack brands hike prices

The price of snack food sold in vending machines in the US was up 2.3% between May and June. This is the biggest single-month cost jump on record, according to Axios. Food shortages, the labor shortages, and supply chain snafus are leading to price hikes. See more stories on Insider's business page. Vending machine food prices soared in June.According to the consumer price index from the Bureau of Labor Statistics, snack food sold in these machines in the US was up 2.3% last month, the biggest single-month cost jump on record, Axios reported. The cost of eating out was up 0.7% overall.Food shortages, wage hikes, and the ongoing la...
Chipotle, contributor 2019, Economy, Fast Food, Minimum Wage, Nordic, Opinión, original contributor, Price increases, Retail, Wages

Chipotle gave huge payouts to its CEO and shareholders, then blamed workers for price increases — here’s what’s really going on

Paul Constant is a writer at Civic Ventures and cohost of the "Pitchfork Economics"podcast with Nick Hanauer and David Goldstein. In the latest episode, they spoke about Chipotle's announcement to increase menu prices by about 4% to cover increased employee wages. Constant points out, however, the price increase could be to cover the $24 million raise recently given to CEO Brian Niccol. See more stories on Insider's business page. Last week, the "New York Times" ran a story about a small menu price increase at a fast-casual food chain. Written by Julie Creswell, the piece began, "Executives at Chipotle said on Tuesday that the fast...