As a manufacturer I have just notified my customers that our prices have been adjusted to compensate for a very hefty price increase in some of our raw materials. Between freight and actual cost I have seen up to a 70% increase in some key ingredients of our products.
I wish that these “eggheads” who work for the ministry of propaganda would come to see me. Somehow, I am seeing massive inflation while they don’t.
Many companies are holding their prices to the retail market in order to “outlast” their competitors. We will soon see the real truth emerge as corporate bankruptcy accelerates through this year.
But gee, no inflation in my business. /S