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UK Inflation Falls Below 10% For First Time Since August

Inflation in the United Kingdom dropped to 8.7% in April, data from the Office for National Statistics (ONS) on Wednesday showed. This marks the first time that it has sunk below the 10% mark since August last year. The drop from 10.1% inflation in March...

U.S. Restaurant Spending Sustained Despite Price Rises

The latest round of earnings results for U.S. fast-food chains showed that consumers have shown a willingness to continue spending despite a rise in menu prices. Wingstop led the charge with a 20.15 rise in same-store sales over the first quarter, while McDonald's, Starbucks,...

Investors Look to Domino’s Earnings to Understand Effects of Price Increases

With Domino's Pizza set to report its fourth-quarter earnings before the market opens on Thursday, investors look towards these results to assess the impact of U.S. price increases amid rising inflation. According to Bloomberg, the restaurant chain is expected to deliver a $1.43 billion...

U.S. Grocery Prices Saw a 13.1% Increase in July

The good news is that inflation in the U.S. slowed down a bit in July after Fed's interest rate hikes. The bad news is that Americans have been paying significantly more for food and groceries and can expect to continue doing so in the...