deflation

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. The retail giant said if the trend continued, it would soon contend with deflation in some of those key household categories, which would be a…

Today, December 26, is the day after Christmas, also known as Boxing Day. As Businesses open again and people return to work, we have new artificial intelligence developments to report on. At first, a Nasscom survey found that the majority of Indian businesses have reported having either matured Responsible AI (RAI) practices and policies or having initiated formal steps towards the adoption of such responsible practices. In other news, researchers at the Chinese University of Hong Kong have run tests and found that…

Doug McMillon, chief executive officer of Walmart Inc., during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty ImagesHoliday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it's hard to predict how sales will look in the months after the peak shopping season.In an interview with Sara Eisen that aired Wednesday on CNBC's "Squawk on the Street," the leader of the world's largest retailer…

Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesShoppers may get an early present this holiday season: Falling prices in many gift-giving categories.On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper.He said the retailer expects some of the stickier higher prices, such as the ones for…

China’s consumer inflation flatlined in June after two months of meager growth, while factory-gate prices fell at their fastest pace in more than seven years. China’s consumer inflation flatlined in June after two months of meager growth, while factory-gate prices fell at their fastest pace in more than seven years. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

The Consumer Price Index (CPI) for November showed that inflation is slowing down for the fifth month in a row. Since peaking at 9.1% in June, the year-on-year inflation rate has now fallen to 7.1% in November. Now, analysts are predicting that prices will begin to decline as the global economy enters a period of deflation. This deflation could have a negative impact on the macro environment and push an increasing number of users into Metacade (MCADE). Deflation is on the horizon as the CPI drops again The CPI is the…

Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC's Jim Cramer on Wednesday."Other brands are … going to have to look at pricing in order to manage their margins, and Wingstop is in a very different position in that we've seen meaningful deflation in our business. The price of wings last year .. hit $3.22 a pound, and we fast forward to today, and it's $1.63 a pound," Skipworth said in an interview on "Mad Money.""We've seen this in years before…