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Dear Client: You didn’t ask for another macro-pressures article. But here we are. The Consumer Price Index for All Urban Consumers jumped 0.5% in May (seasonally adjusted), after rising 0.6% in April, the U.S. Bureau of Labor Statistics reported yesterday. Over the last 12 months, the all items index increased 4.2%. Not surprisingly, the energy index accounted for over 60% of the monthly all items increase, the Bureau said. Energy rose 3.9% in May, vs. +3.8% in April and a
After Memorial Day Bust, How do Wholesalers Feel about the World Cup and July 4?
Dear Client: The week after Memorial Day data is in, and it’s clear now that we have the two-week read: It was a ho-hum holiday for alcohol (especially beer and wine), even on soft year-ago comps. Inflation* and wet weather apparently weighed heavily on purchases. The post-week holiday period was pretty darn close to what we saw in the week leading to Memorial Day: Bev alc and beer dollars were down low single digits, even as the usual suspects popped.
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