Starbucks post-pandemic hype - disposable cups shortage



As noted by The Wall Street Journal, more and more companies are starting to raise prices for their goods, shifting the growing costs to consumers due to rising prices for raw materials. This situation, in particular, is observed in the field of food production - such large food companies as General Mills, Campbell Soup, Unilever and JM Smucker are raising prices.

This, in turn, affects the restaurant business. Chipotle Mexican Grill recently raised prices by about 4% to cover wage increases as well as higher commodity prices. About 48% of small businesses increased their prices in May, the highest share since 1981, according to a poll by the National Federation of Independent Businesses.

 Joseph Marc Blumenthal noted that "the unique dynamic of the economic recovery" is associated with the growth of consumer spending, which is now much more than usual since people have been "sitting at home" for almost a year and they have accumulated additional savings. However, he does not expect this rate of inflation to continue through next year. On the contrary, prices may fall below current levels.

 

 

 

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