Sunday, October 9, 2011

Good news and bad news

The good news ...

From USA Today:

Consumers may catch a break on the price of gasoline and baked goods and sweets as the Thanksgiving-Christmas season approaches, thanks to a sudden tumble in worldwide commodity markets.

Flour prices have risen more than 50% this year, according to Jeremy Reichart, vice president of Orchestrate Management, which operates several restaurants and a food market in Des Moines. But they should fall in coming months, as the price of wheat has tumbled 25% since last summer, according to the Chicago Board of Trade.

Good news for baking season, but, I'm not too sure about the gasoline prices, given that in my neighborhood, they just jumped 35 cents a gallon.

The bad news ...

From the Los Angeles Times:

Warehouse club Costco Wholesale Corp. will raise annual membership fees 10% amid rising costs.
The company will raise annual membership fees by $5 for U.S. individual, business and business add-on customers as well as for Canada business members. Those members will now pay an annual fee of $55.
U.S. and Canadian executive members, meanwhile, will see their annual membership fees increase to $110 from $100.

Not a big increase, but still ... ouch.



The full stories:

www.latimes.com/business/la-fi-costco-fees-earnings-20111006,0,3022819.story

www.usatoday.com/money/economy/story/2011-10-04/consumer-prices/50662332/1

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