Inflation

Colorado’s economy next year won’t be a bed of roses, with job gains running at their slowest pace since 2011 and commercial real estate under extreme stress. But neither will it be a bed of thorns, as inflation eases and a recession doesn’t set in, according to the 2024 Colorado Business Economic Outlook. “It is a slower-growth story. There are positive nuggets in there. We aren’t forecasting a recession and we expect a continued abundance of job opportunities for people,” said Brian Lewandowski, executive director of…

From Maruti Suzuki To Tata Motors, Carmakers Announce Price Hikes For 2024. (Photo: Reuters)The decision to raise prices comes amidst a trend where wholesale vehicle purchases outpace retail sales, leading to a buildup of inventory with dealers.As the year comes to a close, several prominent automakers, including Maruti Suzuki, Tata Motors, Mahindra, and Audi, have declared price hikes set to take effect from January 1, 2024.Citing the escalating demand for commodities, particularly steel, these manufacturers point to the…

Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket prices affordable for audiences and take chances on lesser-known artists.The past year has seen music fans roaring back to large stadiums to see sold-out shows for icons such as Beyoncé or Taylor Swift, even as consumers cut down on spending for leisure activities. But many smaller, independent venues have yet to see business return to…

Bargains are on the brains of shoppers as the holiday gift-buying season gets into high gear. And talk about information overload: You’d be hard-pressed to miss the flood of “best deals” lists offering tips on which retailers or brands are slashing prices on goods and services. But what if the nation’s official price tracker, the Consumer Price Index, was used as a bargain-hunting tool? INFLATION TRENDS: What’s up? What’s cheaper? What’s next? CLICK HERE! My trusty spreadsheet looked at the CPI’s 330 expenditure…

A person walks past a sales advertisement at Saks Off 5th Department Store ahead of the Thanksgiving holiday sales in Washington, DC, November 21, 2023.Saul Loeb | AFP | Getty ImagesThere's a dark cloud hanging over Black Friday.A slew of retailers have issued tepid, cautious or downright disappointing fourth-quarter outlooks over the last few weeks, casting a pall over the crucial holiday season right as they gear up for the biggest shopping day of the year.The companies, which include everyone from luxury goods giant…

Even with inflation still hanging around, a survey of Denver-area holiday shoppers shows they “plan to spend like it’s 2019 again.” A survey by Deloitte found that Denver shoppers expect to spend an average of $1,902 this holiday season, which is up 15% from 2022 and 15% higher than this year’s national average. Rachel Smeak, the Denver-based managing director of Deloitte Consulting, said shoppers’ anticipated spending is returning to pre-pandemic levels. “What was a bit surprising is that consumers plan to spend like…

The good news this Thanksgiving is that the price of turkey and eggs is down significantly this year. The bad news is the price of just about everything else is up. The bird flu swept through the country’s turkey farms in 2022, driving up the cost of the Thanksgiving meal centerpiece. The flu also helped boost the price of eggs. The toll on turkeys and overall inflation resulted in a record price tag of $64.05 for a holiday meal for 10 people in 2022, according to the American Farm Bureau Federation. The average total for…

Five companies considering Colorado for 2,148 new jobs received approval for $22.9 million in Job Growth Incentive Tax Credits on Thursday. The companies include manufacturers of rare-earth magnets, semiconductor production tools, large-scale batteries, and consumable goods, as well as a Greeley-based general contractor. While construction is not manufacturing, it does fall under the category of “goods” rather than services. The largest award, worth $7.6 million, went to Project Solitaire, the code name assigned to a…

Listen to article(2 minutes)There is no avoiding relatives this year. Thanksgiving gatherings are expected to look a lot more like they did prepandemic, as prices for turkey and travel moderate. Inflation is easing overall. American families are expected to gather in pre-Covid-size crowds of nine people on average, according to turkey seller Butterball—as big as or bigger than last year’s Thanksgiving.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(2…

A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California.Mario Tama | Getty Images NewsFood inflation has been on a tear, with prices for food at home up 2.1% year-over-year in October, according to the consumer price index.But not everything costs more.A Thanksgiving dinner this year will gobble up less of your wallet, thanks in large part to lower turkey prices. According to the American Farm Bureau Federation, the average cost…