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The Retail Rundown: Memorial Day Promotions; Latest CPI Data
Spring is in the air… and the first inklings of summer are making a reappearance too. Memorial Day is less than two weeks out and grocers are enthusiastically preparing for the official start of the grilling season.
Cookout staples like charcoal, outdoor serving ware, grilling cuts, and all things barbeque are migrating toward the front page of circulars, bringing increased visibility to the meat case, deli counter, and prepared foods sections of the store.
In the week leading up to Memorial Day weekend last year, 78-84% lean ground beef was...
U.S. Stocks Trade Mixed Following Latest CPI Report
The U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for November Tuesday morning, showing the index up 3.1% on the year.
The latest data matched expectations and was down from 3.2% the month prior. Inflation gained 0.1% on a monthly basis in November after holding steady last month, slightly outpacing expectations.
The core CPI, which strips out food and energy, increased by 0.3% last month after rising by 0.2% in October. Over the last 12 months, the all items minus food and energy index gained 4.0%...
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