Companies have been forced to implement price hikes as businesses across the country are affected by Donald Trump’s sweeping import tariffs.
An analysis by The Wall Street Journal identified multiple instances of companies raising prices on items ranging from jeans to spices this year, after holding off as long as possible.
Many of these companies have had to increase their prices by high single-digit percentage points, well above the current inflation rate of 2.4 percent. The Adobe Digital Price Index found that online prices posted their largest monthly increase in more than a decade in January.
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