Costco Sees Inflation Affecting Many Facets of Business

[ShyBiGuy954]

Costco Sees Inflation Affecting Many Facets of Business

https://www.newsmax.com/finance/streettalk/costco-inflation-economy-consumer/2021/05/29/id/1023184/

The big-box chain store Costco is seeing many areas where prices are increasing due to rising inflation. From aluminum foil to shipping containers, the chain store has seen a 20% increase in meat prices over the past month.

The company's CFO Richard Galanti said, according to CNBC, that there are "inflationary factors abound," adding, "These include higher labor costs, higher freight costs, higher transportation demand, along with the container shortage and port delays … increased demand in various product categories some shortages, various shortages of everything from chips to oils and chemical supplies by facilities hit by the Gulf freeze and storms and, in some cases, higher commodity prices."....

You can thank dementia joe and the ho

 

[Champakian]

Dear Democrats, President Biden...,



PRINT MORE MONEY!

 

[phrodeau]

“...various shortages of everything from chips to oils and chemical supplies by facilities hit by the Gulf freeze and storms and, in some cases, higher commodity prices...” caused by excessive tariffs, and don’t forget that traffic jam in the Suez Canal.

 

[Biggs_Darklighter]

I thought inflation hits all facets of business and life in general. I was not aware it only touched some aspects of Costco. I'm so relieved now.

 

[YDB95]

Well ya know, if only we'd let them go back to paying starvation wages with no sick days or benefits, big business would ROAR. Then everyone would be happy, right?