Powell, chairman of the federal reserve on Wednesday, central Banks in the European central bank finance on the BBS, although once again stressed that high inflation is only a temporary state, but in a rare admission not improving supply chain problem, this kind of situation could continue into next year, and the duration of the inflation more than expected, it also makes the market once again realized that the risk of high inflation is likely to be unable to completely resolve in a short time.
Powell’s comments came almost hours after news of a price hike announced by Dollar Tree, the nation’s most famous Dollar store.
The national discount retailer now plans to sell some items at new prices above $1 at all of its Dollar Tree Plus stores, and to begin testing items above $1 at more than 100 selected legacy stores.
In 2019, Dollar Tree began its first trial run of higher-than-dollar Dollar Plus stores, offering a variety of items for $1, $3 and $5. In March, the company also launched a combination store model that brings together the Dollar Tree and Family Dollar brands.
Dollar Tree President and CEO Michael Witynski said the company’s existing 340 Dollar Tree Plus stores and 105 combo stores have seen “positive customer response” so far. In addition, he told market analysts in August that overall sales at dollar Tree Plus stores were up about 6 percent, while sales at big-box stores were up 23 percent.
Witynski noted in a statement released Tuesday:
“For decades, our customers have been enjoying a dollar price goods stimulation is favorable, we remain committed to the core proposition, but many people tell us, they also hope that in the shopping has a wider range of products, we believe that for dollar tree products provide additional price higher than the $1, will allow us to with time expand product variety, Launch new products and meet more customers’ daily needs.”
article links：Will inflation really go from temporary to permanent?
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