Investors and Wall Street are shrugging off recent inflation as transitory, but Main Street is telling a different story….
New York (CNN Business)There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something’s got to give.
The US government reported last week that consumer prices, excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams (SHW) is lifting the price of paint, one of many companies that’s responding to higher commodities costs.
Food prices are also surging. Chipotle (CMG) just raised prices. So did Campbell Soup (CPB).
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