Inflation
Posted by gworld on Jan 29th 2025
With 2025 officially here, Walmart’s top executive expects food price inflation won’t budge from around its current level at the start of the new year, instead of ticking down, as consumers have hoped. Also, there is talk that the U.S. Government will Increase Tariffs to Boost Domestic Economy
The U.S. has announced a plan to raise tariffs on imported goods, aiming to protect domestic industries and address trade imbalances. Supporters believe this policy could strengthen American manufacturing and create jobs by encouraging businesses to prioritize local production.
Critics caution that higher tariffs might lead to increased consumer costs and potential retaliation from international trading partners, potentially escalating trade disputes. As the global economy remains interconnected, the impacts of these measures could be felt across industries and markets worldwide.
This move reflects a broader effort to reduce reliance on foreign imports and prioritize American economic interests, sparking debate over its long-term effectiveness and consequences.
Third-party delivery services like uber eats, DoorDash and Instacart often acting as middlemen in the supply chain, contribute to price increases on goods. Consumers face inflated item prices, delivery service fees, and optional monthly subscription costs for these services. Combined with higher tariffs, these factors could exacerbate financial strain, making everyday essentials less affordable.