- According to Daren Bakst, senior fellow at The Heritage Foundation’s Center for Energy, Climate, and Environment, food prices in May 2022 were 10.1% higher than prices of May 2021. Manufactures are not at fault for this increase, and brands across the United States are going through the same inflation increases.
Source: The Daily Signal. Read the full article here.
- For the first time in 57 years, Subway has released their biggest menu update – the “Subway Series”. This series will include 12 new signature sandwiches that can be ordered by their name or number. With the menu change, it is making ordering simpler than ever. While customers can still customize their orders, this new series is great for those extra looking to be efficient on their lunch break.
Source: QSR Magazine. Read the full article here.
- As soon as this week, President Joe Biden may announce the rollback of some United States tariffs on Chinese consumer goods to fight inflation. If Biden is to announce the rollback, this would be his first major policy step on trade ties. This is a developing story, but Biden has shared with reporters that he is in the process of deciding whether to lift tariffs.
Source: Yahoo! Finance. Read the full article here.