Get Ready Consumers: Prices are on the Rise

Tuesday, February 15, 2011

Consumer spending has been up since Christmas but that may change soon. Prices for everything from a new t-shirt to a new dishwasher are expected to go up. This comes on the backs of increases in commodities; prices for cotton, copper, corn are hitting the highest levels in years.

Motoko Rich of The New York Times says add more expensive overseas labor costs and utilities to the mix, and you may be looking at paying considerably more for those new jeans this fall.

Guests:

Motoko Rich

Produced by:

Kateri Jochum

Comments [1]

Peg

As the oil reserves run out so the price of oil rises and so... the price of EVERYTHING rises. Everything we do is based on having oil... and unfortunately it's running out.

Yes, Virginia, peak oil is over and we're all in competition for the dregs.

Feb. 15 2011 09:28 AM

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