Manufacturers hope consumers won’t notice they are getting less product.
inflation
Posted inBusiness, Maine
Average gas price in Maine nears $5 a gallon
‘I want them to install crying towels here,’ said one gas station customer, with per-gallon prices up nearly $2 from a year ago and likely to continue climbing.
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Posted inBusiness, Maine
No shell, big shock: Maine lobster rolls fetch record prices this season
Lobster lovers can expect to pay in excess of $40 for a single roll at some of the state’s most popular summer eateries. The average price is closer to $30.
Posted inBusiness, Maine, News
Despite record gas prices, Memorial Day travel surge expected in Maine
With prices at the pump hovering above $4.70 a gallon, travelers and residents alike plan to take to the road for the traditional start of Maine’s peak tourism season.
Posted inBusiness, Nation / World, News
U.S. inflation dips from four-decade high but still causing pain
Wednesday’s report on consumer prices contained some cautionary signs that inflation may be becoming more entrenched.
Posted inBusiness, Maine
Maine launches website to explain relief check rules
The site answers questions about the $850 checks that will be sent to many Mainers beginning in June.
Posted inBusiness, Nation / World
U.S. inflation jumped 8.5% in past year, highest since 1981
Some economists suggest that inflation is at or near its peak, but it could take time to come back down.
Posted inMaine, News
Gov. Mills proposes payments of $850 to qualifying Mainers as she revises budget
The total amount of direct relief to individual Mainers would be increased by $100 from the governor’s previous plan.
Posted inBusiness, Nation / World
Fed hikes key interest rate to fight inflation, with more to come
The Fed’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
Posted inCoastal Journal
Brunswick pizza joint’s price hike can be blamed on global economic forces
Tess’ Market manager said the business had no choice but to raise prices for only the third time in 20 years.