, Columnist
Remember Inflation?
It’s coming to a grocery store near you.
Prices will go up. Will wages?
Photographer: Joe Raedle/Getty Images
This article is for subscribers only.
The U.S. economy just received the strongest sign yet that cost pressures facing companies are about to be passed on to consumers, and at a rate that the economy hasn’t seen in years.
In an earnings conference call last week, a little-known private label food company told investors and analysts that it had little choice other than to pass on its rising freight and commodity costs in the form of higher prices. It’s a warning that the relatively obscure hints of inflation are about to become obvious — at the grocery store.