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Commodity costs

Business
Popular Burger Chain Expected To Increase Prices, Report Says Popular Burger Chain Expected To Increase Prices, Report Says
Popular Burger Chain Expected To Increase Prices, Report Says Customers of a popular burger chain can expect to pay a bit more for their orders, as the company is planning to increase its prices soon.  Shake Shack CFO Katherine Fogertey said customers will have to pay as much as 3% to 3.5 percent more, a higher increase than previous years, according to Eat This, Not That.  The site said the price is expected to change at the end of 2021, and another increase might take place in 2022. The decision was reportedly made to offset the costs of commodities and labor that have risen during the COVID-19 pandemic. Other businesses, such as Chipotl…

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by Nicole Valinote
Business
COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues
Covid-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues Some prominent household items are going to cost consumers more as companies prepare for potential strains on supplies due to a potential second COVID-19 wave. Proctor & Gamble became the latest company to announce that it plans to hike prices between 4 percent and 9 percent on items that include baby products, adult diapers, and feminine care brands beginning in September. Other items, such as Tide laundry detergent and Charmin toilet paper, may also become more expensive, depending on how the country rebounds from the latest surge of the virus. According to Proctor & Gamble CEO J…

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by Zak Failla