{"id":127327,"date":"2022-05-17T15:30:33","date_gmt":"2022-05-17T15:30:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=127327"},"modified":"2022-05-17T15:30:33","modified_gmt":"2022-05-17T15:30:33","slug":"prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/","title":{"rendered":"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Inflation is weighing on everyone \u2014 even the world&#8217;s biggest stores.<\/p>\n<p><span>Walmart<\/span> <span>(<span>WMT<\/span>)<\/span> said Tuesday that higher costs and supply chain constraints squeezed its profit during its latest quarter. Walmart also slashed its profit outlook for the year, signaling that it expects inflation to continue to hurt its business.<br \/>\n&#8220;Bottom-line results were unexpected and reflect the unusual environment,&#8221; Walmart CEO Doug McMillon said in a news release. &#8220;US inflation levels, particularly in food and fuel, created more pressure&#8221; than the company predicted.<\/p>\n<ul><\/ul>\n<p>The results drove Walmart&#8217;s stock down 7% during morning trading Tuesday. <\/p>\n<ul><\/ul>\n<h3>Shoppers buying private-label brands<\/h3>\n<p>Walmart, America&#8217;s largest retailer and employer, is an economic bellwether.<br \/>\nWalmart&#8217;s net income fell 25% to $2 billion during its latest quarter ending April 30 compared with the same stretch a year ago.<\/p>\n<ul><\/ul>\n<p>In February, Walmart said it expected its profit to increase by about 3% this year. But Walmart now expects profit to decease by about 1%.<br \/>\nOther retail giants are also facing cost pressures. Amazon said last month that higher inflation in fuel and its supply chain also hit profits.<br \/>\nSome analysts said Tuesday that Walmart has been raising prices at a slower pace than many rivals to appeal to bargain shoppers. This likely impacted its profits, the analysts said.<br \/>\nConsumer prices were up 8.3% in the 12 months ending in April, according to the latest data from the Bureau of Labor Statistics.<\/p>\n<p><img decoding=\"async\" alt=\"Why the US is entering a stagflation environment \" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220513161329-ray-dalio-large-169.jpg\"><br \/>\n<img decoding=\"async\" alt=\"Why the US is entering a stagflation environment \" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220513161329-ray-dalio-large-169.jpg\"><\/p>\n<ul>\n<h3>JUST WATCHED<\/h3>\n<h2><span>Why the US is entering a stagflation environment <\/span><\/h2>\n<\/ul>\n<h4>MUST WATCH<\/h4>\n<p><span><\/span><\/p>\n<p><img decoding=\"async\" alt=\"Walmart has a new way to turn college grads into store managers\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220516102856-walmart-employees-pay-file-large-169.jpg\"><\/p>\n<p>Despite higher prices, consumers are still spending. Walmart&#8217;s sales at stores open for at least one year increased 3% during in its latest quarter.<br \/>\nAlso on Tuesday, the Labor Department said US retail sales increased 0.9% in April, demonstrating the resilience of consumers.<br \/>\nHowever, Walmart said shoppers&#8217; buying patterns changed because of inflation. <\/p>\n<ul><\/ul>\n<p>More customers have been turning to private-label food brands \u2014 particularly in meat, deli items and dairy products \u2014 and shifting away from discretionary items, the company said.<br \/>\nWalmart also said consumers were buying fewer items when they shopped.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/05\/17\/investing\/walmart-earnings-inflation-stock\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Inflation is weighing on everyone \u2014 even the world&#8217;s biggest stores. Walmart (WMT) said Tuesday that higher costs and supply chain constraints [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":127326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&#039;Prices are still rising, but not as quickly&#039;: Romans breaks down inflation data - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Prices are still rising, but not as quickly&#039;: Romans breaks down inflation data - Fin2me\" \/>\n<meta property=\"og:description\" content=\"New York (CNN Business)Inflation is weighing on everyone \u2014 even the world&#8217;s biggest stores. Walmart (WMT) said Tuesday that higher costs and supply chain constraints [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-17T15:30:33+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/05\/Prices-are-still-rising-but-not-as-quickly-Romans-breaks-down-inflation-data.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/\",\"url\":\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/\",\"name\":\"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2022-05-17T15:30:33+00:00\",\"dateModified\":\"2022-05-17T15:30:33+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/","og_locale":"en_US","og_type":"article","og_title":"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data - Fin2me","og_description":"New York (CNN Business)Inflation is weighing on everyone \u2014 even the world&#8217;s biggest stores. Walmart (WMT) said Tuesday that higher costs and supply chain constraints [...]","og_url":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/","og_site_name":"Fin2me","article_published_time":"2022-05-17T15:30:33+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/05\/Prices-are-still-rising-but-not-as-quickly-Romans-breaks-down-inflation-data.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/","url":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/","name":"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2022-05-17T15:30:33+00:00","dateModified":"2022-05-17T15:30:33+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/prices-are-still-rising-but-not-as-quickly-romans-breaks-down-inflation-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"&#39;Prices are still rising, but not as quickly&#39;: Romans breaks down inflation data"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/127327"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=127327"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/127327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/127326"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=127327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=127327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=127327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}