The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, the prevalence of homelessness in the United States has reached its highest level since the inception of the Department of Housing and Urban Development (HUD) tracking in 2007, with a record-breaking 653,104 individuals experiencing homelessness during the latest annual count.
NJDEP Regulations to Electrify Building Sector Take Effect in December, Leading to Increases in Rents, Property Taxes and Grocery Bills
the staff of the Ridgewood blog
Ridgewood NJ, With the first round of NJDEP regulations set to take effect on December 6th, a diverse coalition of 24 business and labor organizations sent a letter to Senate President Nick Scutari and Assembly Speaker Craig Coughlin calling on the Legislature to halt Governor Murphy’s building electrification mandate until a full analysis of costs can be developed.
Coffee purveyor increases average price by about 1% to cover rising wages, rent
By
JULIE JARGON
July 6, 2015 2:02 p.m. ET
Starbucks Corp. is raising prices slightly on some of its beverages to cover rising costs including wages and rent, even as prices for raw coffee have been falling.
The Seattle company, like other coffee purveyors, often raises prices for its products when coffee prices increase, but the latest move comes despite a decline of about 42% in Arabica futures prices from a peak late last year. The increase, which takes effect Tuesday, will increase the cost of the average customer order by about 1%, Starbucks said. Bagged coffee won’t be affected.
The increase comes from an overall need to manage business costs, including labor and rent expenses, a Starbucks spokeswoman said.
“Our pricing philosophy is to balance our need to run our business effectively while providing maximum value to our customers,” she said.
https://www.wsj.com/articles/starbucks-raises-prices-despite-declining-coffee-costs-1436205612
