In the midst of inflation, companies continue to hike prices — and reap major profits

Apr 27, 2023
So far, price increases have not driven customers away. But there’s evidence that is starting to change.
While consumers are frustrated about continued price hikes, they still seem willing to spend.
Joe Raedle/Getty Image

Why more new video games now cost $70

Feb 10, 2023
Nintendo announced that The Legend of Zelda: Tears of the Kingdom will retail for $69.99. Several video game publishers have been embracing the $70 price tag as the new standard for major releases.
Nintendo announced that it would price its highly-anticipated "Tears of the Kingdom" game at $70, a $10 increase from standard prices for new video games.
Neilson Barnard/Getty Images for Nintendo of America

With prices rising on cheap beer, some consumers spend extra on premium

Oct 27, 2022
Anheuser-Busch InBev says beer sales were up in the third quarter, in part because some consumers shifted to "premium" brands.
Anheuser-Busch InBev has passed along the costs of barley, hops, transportation and fuel by raising the price of Bud Light and convincing consumers to buy higher priced "premium beers."
Scott Olson/Getty Images

How do consumer products companies decide how much they'll raise their prices?

Oct 20, 2022
It depends on the ingredients that go into a product and how much competition it faces.
Consumer products companies like Procter & Gamble and Nestle have recently raised prices on some items rather than a blanket price increase.
Frederic J. Brown/AFP via Getty Images

Japanese shocked by rising prices after decades of economic stagnation

Jun 20, 2022
Japan had struggled to even reach the central bank inflation target of 2%.
Japanese consumers have come to expect stable prices, making it difficult for stores to consider increasing them.
Yuichi Yamazaki/Getty Images

For this Detroit restauranteur, business is still "day to day"

May 18, 2022
For Lester Gouvia, chef-owner of Norma G's Detroit, business in the pandemic economy has been a "rollercoaster."
"We do have some good days, we do still have some bad days," says Lester Gouvia, chef-owner of Norma G's Detroit, a Caribbean restaurant.
Courtesy Lester Gouvia

Inflation eases, but uneasy consumers expect more price hikes

May 11, 2022
Will worries about higher costs down the road lead to curtailed spending?
Inflation is slowing slightly, but economic anxiety is ramping up.
Frederic J. Brown/AFP via Getty Images

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What does 20% inflation feel like in Turkey?

Dec 21, 2021
A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government's policies.
Turkey's economic woes are driving many young people to look abroad for opportunity, which could lead to a damaging brain drain.
BBC/Stephen Ryan

To avoid price hikes, businesses are finding other ways to protect their margins

Nov 17, 2021
Some are cutting hours and reducing inventory. Others are purchasing more to get better deals from suppliers.
Some stores are stocking fewer items or reducing their hours to deal with rising costs. Other businesses are creating new purchasing, storage or delivery strategies.
Ralph Orlowski/Getty Images

Be honest? Conceal it? Companies confront how to raise prices.

Nov 15, 2021
Rising input costs do not seem to be hurting every business' bottom line.
From major companies to the corner deli, businesses are wrestling with how best to communicate cost increases to customers.
Frederic J. Brown/AFP via Getty Images