🔮 Two CEOs who position their Walmart and Costco stores as low-cost retailers say some prices are heading down entering 2023. 2023biz 2023forecast 2023DMNforecast.
Weighted in household budgets much higher than eggs is theD-FW housing costs — including electricity — are 10.2% above a year ago, the highest annual increase since October 1981. Included is an 11.8% year-over-year increase in rent, the highest since April 1983, according to the Bureau of Labor Statistics’ most recent inflation breakdown for the Dallas area.Dallas-area gasoline prices for the first time in two years are now lower than a year ago.
Costco CEO Craig Jelinek, who describes his wholesale club chain as “the price police,” said he believes inflation is moving in the right direction — down. Input prices for lumber and even meat are dropping, but not eggs, he said. The price for the breakfast staple’s companion, bacon, is coming down, too.
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