Inflation Alert: Movie tickets to bubble wrap – consumer prices expected to spike

There isn’t any inflation if you don’t live in a home, participate in the economy or open your eyes.

Bloomberg published an in-depth report about the rising cost of living across the country. From movie ticket prices to bubble wrap to housing, you will pay a whole lot more over the next several months. Some of it is due to the tariffs to price inflation.

Here is a list of what you will spend more on:

– Movie tickets
– Steel
– Real estate
– Bubble wrap
– Sugar
– Pizza

Also from the business news network:

“From the big screen to the snack aisle, American companies plan to hike prices as their input costs creep higher.

It’s a sign that businesses have faith consumers will keep shopping even as products become more expensive.

And that belief in pricing power, showcased on earnings calls and presentations during the week of Aug. 6-10, could signal a turning point.

Businesses have spent much of the economic expansion saying customers will abandon them if they charge more, and it’s become an often-blamed reason for low overall inflation.

Still, perceived pricing power isn’t uniform, as the comments show. For the most part, businesses raising prices are doing so in response to higher non-labor input costs, while the predominant strategy for tackling wage inflation still seems to be productivity enhancements instead of higher prices.”

Thanks, Federal Reserve. Thanks, President Donald Trump.