Declining Food Costs Linked to Drop in Producer Price Index
The price of food surged over the last year but there is a sliver hope that rates could be on the downswing. Marty Cantor, CPA and economic development consultant, joined Cheddar News to provide some insights into declining food prices and whether or not consumers should expect them to climb again. "A big component of the producer price index is gasoline -- transportation -- but that's coming down. But that could turn around because oil prices are now up," he said. "The producer price index is the final prices for goods and services that a retailer will have to pay and then the retailer, in turn, will put their profit margin on it and sell it to you as a consumer and that's the consumer price index."
UPS is gearing up for a mass hiring event that could help a critical labor shortage affecting the U.S. across all industries. Jon Bowers, human resources director with UPS, joined Cheddar News to discuss the company's job fair known as 'Brown Friday,' which is slated to take place Nov. 3 and Nov. 4, ahead of the holiday season.
A Missouri jury found the National Association of Realtors and other brokerages liable for nearly $1.8 billion in damages on Tuesday. The jury found the parties conspired to keep commissions for home sales artificially high and the lawsuit looked at sales that took place between April of 2015 through June of 2022.
The country’s largest Christian university is being fined $37.7 million by the federal government amid accusations that it misled students about the cost of its graduate programs.
