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Washington Post/David J. Lynch/7-20-2021
“Maguire’s costs rose so much so fast that he has had to rewrite his menu prices twice since March. Whether additional increases will follow depends upon a complex interaction of food supplies, labor availability and a shape-shifting virus. ‘It’d be foolish for me to believe we’ve seen the worst of it,’ he said.”
USAGOLD note: Those of us old enough to recall the 1970s will recall the price tickets layered on top of each other on canned and bottled goods on the grocery shelves as prices rose. Inflation was occurring faster than the goods were moving out the door. Passing along the increases to consumers was the only option available.
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