There are 12 article(s) tagged inflation:
Superlo is celebrating its 80th anniversary this summer. In recognition of this moment, we attempted to discover why Memphians are so crazy about this grocery store. The answer? It isn’t just the fried chicken. (But the fried chicken doesn’t hurt).
“The impact of increased competition cannot be understated, considering for small businesses in our state these savings could mean the difference between staying afloat and shutting their doors.”
An almost 3% increase represents the University of Memphis’ highest tuition hike in nearly seven years.
AutoZone reported second-quarter net sales of $3.7 billion, a more than 9% increase from the same period a year ago.
Even with Memphis’ continued job growth, new headwinds emerged with the perhaps the most notable headwind today being high inflation, which has reached levels not seen for 40 years.
The one-month grocery tax holiday has helped people stretch their budgets, but it has not made a dent in the issue of food insecurity, the Mid-South Food Bank’s CEO says.
From July 1, 2022 to July 30, 2023, there is no sales tax on gun safes or safety devices. This weekend will be tax-free for clothes and school supplies. And the entire month of August will be tax-free for groceries.
The congressman told local business leaders the midterms could be a “wave election.” He believes Republicans could gain control of the nation’s House and Senate.
While Deputy Treasury Secretary Wally Adeyemo was in the city, the state’s two Republican Senators in Washington remained vocal critics of Biden administration economic and energy policies.
Memphis Mayor Jim Strickland talks with The Daily Memphian about national inflationary concerns and the longer-standing need for more quality affordable housing in the city ahead of the summit.
The global supply-chain shortage, which first took its toll on automobile manufactures in need of semiconductor chips, eventually affected the cost of lumber. Developers like the Henry Turley Co. were left trying to keep construction projects on time and on budget.
June’s inflation rate jumped up 5.4% from the same time in 2020 and that has economists examining the causes and predicting what may lie ahead. Meantime, consumers with discretionary wealth continue to buy ‘optional’ items, but those with tighter budgets feel the pinch at the grocery store.
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