Get Ready Consumers: Prices are on the Rise
Consumer spending has been up since Christmas but that may change soon. Prices for everything from a new t-shirt to a new dishwasher are expected to go up. This comes on the backs of increases in commodities; prices for cotton, copper, corn are hitting the highest levels in years. Motoko Rich of The New York Times says add more expensive overseas labor costs and utilities to the mix, and you may be looking at paying considerably more for those new jeans this fall.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!