Articles for Higher Costs

Mint Explainer: How rising palm oil prices impact India and its consumers
1 week, 5 days ago

Mint Explainer: How rising palm oil prices impact India and its consumers

Live Mint  

Investors were left reeling this week as Godrej Consumer Products issued a stark warning: soaring palm oil prices have severely impacted its soaps segment, a cornerstone of its business. This policy change came as global palm oil prices were already climbing due to supply constraints in Southeast Asia, creating a perfect storm for manufacturers. Read this | Edible oil, tea, …

India Consumer Oil Costs Prices Indonesia Higher
Mercedes to raise prices by up to 3% from Jan 1
1 month, 1 week ago

Mercedes to raise prices by up to 3% from Jan 1

Deccan Chronicle  

Pune: Mercedes-Benz, the German luxury carmaker, on Friday hiked prices of its entire vehicle model range in India by up to 3 per cent, which will be effective from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Mercedes cars prices now range from a minimum of Rs 2 lakh for the GLC to …

Mercedes Cost Rs Prices
America’s strengthening dollar will rattle the rest of the world
1 month, 1 week ago

America’s strengthening dollar will rattle the rest of the world

Live Mint  

In 1971 John Connally, then the American treasury secretary, told his European counterparts that the dollar was “our currency, but your problem". Over the following half-century the global economy has transformed, but Connally’s adage still rings true: even though the value of the dollar remains largely set by domestic developments in America, its swings almost always send ripples across the …

Trade World Interest Rates Interest Value Fed American
Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion
5 months, 1 week ago

Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion

Associated Press  

Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry. Delta doesn’t disclose average fares, but passengers paid 2% less per mile in the second quarter, and there were a couple more empty seats on the average …

Profit Share Quarter Low Delta Southwest Bastian
Gardening bloomed during the pandemic. Garden centers hope would-be green thumbs stay interested
9 months ago

Gardening bloomed during the pandemic. Garden centers hope would-be green thumbs stay interested

Associated Press  

NEW YORK — Garden centers enjoyed a pandemic boom, particularly with millennials, as people looked for outdoor activities during lockdowns. “Our garden centers are just serving a new need that we don’t see going away anytime soon, because this new audience is very much grounded in nature and plants and gardening,” he said. At Flowercraft Garden Center, a San Francisco …

Weather Gardening Spring Pandemic Plants Costs Sales
Sugar prices are rising worldwide after El Niño-linked weather damaged crops in Asia
1 year, 1 month ago

Sugar prices are rising worldwide after El Niño-linked weather damaged crops in Asia

LA Times  

Abba Usman sells granulated sugar at his shop in Abuja, Nigeria, on Oct. 27. Sugar worldwide is trading at the highest prices since 2011, mainly due to lower global supplies after unusually dry weather damaged harvests in India and Thailand, the world’s second- and third-largest exporters. The United Nations Food and Agriculture Organization is predicting a 2% decline in global …

Food Global India Nigeria Costs Prices California
Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia
1 year, 1 month ago

Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia

Associated Press  

Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Indonesia — the biggest sugar importer last year, according to the United States Department of Agriculture — has cut back on imports. Sugar worldwide is trading at the highest prices since 2011, mainly due to lower global supplies after unusually dry weather damaged harvests in India and Thailand, the world’s second- …

Food Global India Nigeria Costs Prices Indonesia
Zeist's permit fees for housing construction €10,000 higher than The Hague's: VEH
1 year, 3 months ago

Zeist's permit fees for housing construction €10,000 higher than The Hague's: VEH

NL Times  

It can make thousands of euros difference for the buyers of a newly built home in which municipality their house is built. The costs that municipalities charge for applying for construction permits vary greatly per location, according to calculations from the interest association for homeowners VEH. Between the cheapest and most expensive municipalities, the cost difference on construction permits for …

Construction Euros Municipalities Higher Costs Veh Permit Fees
Businesses are fuelling inflation with unnecessary price hikes — and struggling Australians are paying for it
1 year, 10 months ago

Businesses are fuelling inflation with unnecessary price hikes — and struggling Australians are paying for it

ABC  

Higher prices, that is. The Reserve Bank summed this up in this week's Monetary Policy Decision: "Global factors explain much of this high inflation, but strong domestic demand is adding to the inflationary pressures in a number of areas of the economy." "There's no doubt that corporations have taken advantage of the supply chain problems and the desperation of consumers …

Inflation Monetary Policy Costs Bank Prices Interest Rates Interest
Britain to suffer the deepest recession of all the world's largest economies in 2023
1 year, 11 months ago

Britain to suffer the deepest recession of all the world's largest economies in 2023

Daily Mail  

Experts predict business insolvencies in the UK will rise by 15 per cent in 2023 In comparison, Germany's economy will decline by 0.7 and France's by 0.4 The UK economy is mired in deepening gloom today as figures showed manufacturing slumping. Analysts at insurer Allianz Trade predicted UK plc will shrink 0.9 per cent this year as it is battered …

Economy France China Germany Covid Cent 2023
How would the UK be doing if it were still in the EU and the Brexit referendum had never happened?
2 years ago

How would the UK be doing if it were still in the EU and the Brexit referendum had never happened?

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. You have to …

China Brexit Inflation Costs Cent Sign Higher
Rising grocery prices are pushing up inflation. Here is why bread, milk and mince are costing more
2 years, 1 month ago

Rising grocery prices are pushing up inflation. Here is why bread, milk and mince are costing more

ABC  

If you've walked away from the check-out lately feeling like you've paid a lot for a handful of basic items, your instincts are spot on. Key points: Milk is 12 cents a litre more expensive than a year ago Mince has gone up 8 per cent Imported goods are more expensive because of a weaker Australian dollar Grocery prices really …

Food Products Cent Milk Goods This Time Australian
UK market turbulence is latest challenge for British businesses
2 years, 2 months ago

UK market turbulence is latest challenge for British businesses

Live Mint  

LONDON : For British companies, the recent volatility in domestic currency and bond markets is compounding six years of extreme disruptions, starting with Brexit and stretching through the pandemic and the fallout from Russia’s war in Ukraine. Executives say the recent market turmoil has dealt another blow to already fragile business confidence, threatening to crimp future investment and undermine growth …

Business Europe Market Brexit British Businesses Recent
Driven by consumers, US inflation grows more persistent
2 years, 3 months ago

Driven by consumers, US inflation grows more persistent

Associated Press  

WASHINGTON — U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession. Instead, inflation has now sp On Tuesday, the government said inflation ticked up 0.1% from July to August and 8.3% from a year …

Inflation Supply Prices Price Spending Fed Raise
As small businesses raise prices, some customers push back
2 years, 3 months ago

As small businesses raise prices, some customers push back

Associated Press  

NEW YORK — Inflation isn’t only costing small businesses money. “He said I’m going to start making coffee at home, I need to budget, so I won’t be coming in here every day,” she said. “I feel like I’ve been on a goodbye campaign.” Inflation has been rising at nearly the fastest pace in 40 years, driven up by strong …

Business Costs Prices Small Businesses Price Small Higher
US inflation surges again in June, raising risks for economy
2 years, 5 months ago

US inflation surges again in June, raising risks for economy

Associated Press  

WASHINGTON — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession. The government’s consumer price index soared 9.1% over the past year, the biggest yearly increase since 1981, …

Inflation Prices Price Rising Biden Fed Rate
Walmart Q1 profit dragged down as inflation takes a bite
2 years, 7 months ago

Walmart Q1 profit dragged down as inflation takes a bite

Associated Press  

NEW YORK — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. Walmart executives told analysts on a conference call Tuesday that while some shoppers bought high-ticket items like game consoles and …

Inflation Costs Earnings Sales Quarter Walmart Shoppers
Higher fuel prices to drive up cost of living in rural, regional Australia
2 years, 9 months ago

Higher fuel prices to drive up cost of living in rural, regional Australia

ABC  

Farmers and transport operators are bracing for even higher fuel prices after US President Joe Biden announced a ban on Russian oil imports overnight. Key points: Farmers, truck drivers and rural Australians say they are preparing for some fuel price pain As the result, the cost of living is set to rise The federal government rules out halving its fuel …

Transport Rural Costs Prices Price Smith Diesel
Walmart is thriving despite supply chain woes, high inflation
2 years, 10 months ago

Walmart is thriving despite supply chain woes, high inflation

Al Jazeera  

The world’s largest retailer said fourth-quarter revenue exceeded $150bn for the first time ever. Walmart’s investments over the past year, which included chartering ships, raising worker wages three times, and developing alternative streams of revenue, helped the company prepare for the holiday season without suffering higher costs, analysts said. Problems bring people to Walmart and we know that they take …

Sales Higher Costs Quarter Walmart Walmart Connect
US inflation highest in 40 years, with no letup in sight
2 years, 10 months ago

US inflation highest in 40 years, with no letup in sight

Associated Press  

WASHINGTON — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982. …

Food Inflation Prices Month Fed Rate Raise
White House highlights effort to cover winter heating bills
2 years, 11 months ago

White House highlights effort to cover winter heating bills

Associated Press  

WASHINGTON — The Biden administration is distributing an additional $4.5 billion in funds to help low-income Americans cover heating costs during a second pandemic winter, with cold-weather states receiving the largest share, according to a state-by-state breakdown released Friday. The funding boost — part of last year’s $1.9 trillion American Rescue Plan coronavirus relief package — more than doubled the …

India services PMI remains elevated in November but Omicron concerns prevail
3 years ago

India services PMI remains elevated in November but Omicron concerns prevail

Live Mint  

India’s services activity remained elevated in November, recording a marginal drop from the previous month, after registering the strongest growth in more than a decade in October. Data released by IHS Markit on Friday showed Purchasing Managers’ Index for services eased to 58.1 in November from 58.4 in October. Earlier this week, IHS Markit released data showing India’s manufacturing PMI …

Ihs Services Pmi Companies Rose Ihs Markit Prevail India
Shrinkflation strikes shoppers as companies downsize products without cutting costs
3 years, 5 months ago

Shrinkflation strikes shoppers as companies downsize products without cutting costs

Daily Mail  

As companies face higher costs for raw materials, some are jacking up prices for consumers, but others are resorting to a stealthier measure by shrinking the package sizes for everyday items such as paper towels and breakfast cereal. It's a trend contributing to the 5.4 percent rise in prices US consumers are facing for everyday goods - the sharpest annualized …

Inflation Companies Prices Price Fed Items Goods
Rising commodities costs hit Americans at home and on road
3 years, 7 months ago

Rising commodities costs hit Americans at home and on road

Associated Press  

NEW YORK — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying more for meat, gasoline, items they keep in their homes and even the homes themselves. The government said Wednesday that consumer prices surged 0.8% in April from March, while the year-over-year rise was the fastest since …

Costs Prices Price According Higher Higher Costs