According to CBS News’s Money Watch, consumer prices have been steadily on the rise since January 2022.
Now, a more recent report has predicted that things are only going to get more expensive.
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According to LendingTree — after researchers analyzed data from sources such as the U.S. Census Bureau — roughly one in three businesses in the United States expect to rise their prices over the next six months thanks to factors such as inflation and tariffs.
On a state level, Pennsylvania ranked 18th overall in this regard, with roughly 32.2 percent of businesses upping their price tags by December. Rhode Island ranked in first with 40.3 percent.
“Tariffs are likely playing a significant role in these concerns, but so is the overall sense of uncertainty that remains in the American economy,” said LendingTree chief consumer finance analyst Matt Schulz. “There are so many unknowns that it’s nearly impossible to predict what the next few weeks will look like, much less six months from now.
“However, this report makes it clear that many businesses see continued rising prices ahead.”
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