After a long lull, inflation rises from gas-pumps to retail stores
May 01, 2018
4 minutes
Behind a wall of stainless steel refrigerators, next to the fancy ranges, nearly 50 washers and dryers are displayed for sale at Warrendale Appliance in suburban Boston. Sales are brisk. And while prices on foreign-made washers have bumped up a bit because of a new tariff, management isn’t worried.
“It’s fifty bucks a washer,” says the owner, who did not want his name published. “It doesn’t affect business.”
But in downtown Boston, the problem for John Sadowski is that prices have been rising even more sharply for longer. Labor and other construction costs are up so much over the past three years that it's getting harder to make the
Attitude change at the FedCostlier summer travelPrices up, but so are wagesYou’re reading a preview, subscribe to read more.
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