Headlines

US Inflation Persists in September

Higher prices on food, rent blamed on supply chain issues.

Published

4 years ago

October 19, 2021

INSTORE Staff

U.S. consumer prices were up in September with the consumer price index rising 0.4 percent last month after increasing 0.3 percent in August, according to Reuters. Federal Reserve Chair Jerome Powell, who blames supply chain issues, has called the inflation “transitory.”

Sung Won Sohn, professor of finance and economics at Loyola Marymount University, disagrees: “Inflation is no longer ‘transitory.’ Supply-chain bottlenecks are getting worse. The logjam is unlikely to ease anytime soon despite the latest intervention by the White House.”

Food prices in particular rose sharply, increasing 0.9 percent due to higher meat costs in September after gaining 0.4 percent in the month before. Rents rose as well, increasing 0.4 percent – their biggest gain in five years.

Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson

When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy. Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision." The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.