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Companies Warn That Higher Prices Are Looming

By Implode-Explode Heavy Industries

``A package of Oscar Mayer cold cuts. A pair of Nine West boots. A Whirlpool washing machine. By the fall, people will most likely be paying more for each of them, as rising prices hit most consumer goods, say retailers, food companies and manufacturers of consumer products... ?There are cost pressures from virtually everywhere,? said Wesley R. Card, the chief executive of the Jones Group, whose brands include Nine West and Anne Klein. After trying to keep retail prices flat or even lower during the recession, Jones says prices for its brands will climb 15 to 20 percent by autumn. ''

Full post as published by Mortgage Lender Implode-o-Meter on February 15, 2011 (boomark / email).