Per WNEP in Scranton, PA:
Shoppers are expected to spend more than ever on Halloween this year, according to the National Retail Federation. Shoppers are expected to spend around $77 dollars each this year on candy, costumes, and decorations. While the National Retail Federation reports shopping hasn’t increased on all the other holidays like Christmas or Valentine’s Day, it has for Halloween: 62 percent more since 2005.
Overall Halloween consumer spending on candy, costumes, and decorations will hit $7.5 Billion. Candy alone will reach $2.5 Billion in sales according to the National Confectioners Association.
The US State Department recently announced they will be bringing people from African countries who are infected with Ebola to the US for treatment. The expected cost per Ebola patient to be treated is $300,000. You can read the Washington Times article here but here is just a small caption:
The document has been shared with Congress, where lawmakers already are nervous about the administration’s handling of the Ebola outbreak. The memo even details the expected price per patient, with transportation costs at $200,000 and treatment at $300,000.
As with any government projected cost, this will probably go up. Each patient will be different and the costs will skyrocket if the patients turn worse like the patient in Dallas from Liberia.
Taco Bell went way outside the bun to unveil an advanced mobile app that lets folks order and pay on their smartphones and then walk or drive in and pick up their food.
New technologies are driving the $683 billion restaurant industry like never before. McDonald’s and Starbucks both are spending huge sums on new technologies. So are Pizza Hut, Papa John’s and Domino’s. Most are aimed at Millennial consumers who would much rather interact quickly with their smartphones than stand in line waiting to order or to be seated. Chili’s has technology that lets folks pay, order more food or play games on table-top tablets.
Some 56% of consumers ages 45 to 64 recently have used technology options in restaurants. Four of 10 have ordered food or looked up menus online in the past month. About a third have looked up restaurant locations on a smartphone. More than one in 10 have ordered takeout/delivery, looked up nutrition information or made a reservation via phone or tablet apps, he says.
Read the rest here via USA Today
Bloomberg is out with a write up showing McDonald’s is facing rising costs which means prices have had to be raised. McDonald’s is a good inflation watch company since millions of people visit it everyday.
While the company still offers several items for $1, its menu is quietly getting more expensive. McDonald’s said its prices were up about 3 percent through the end of June compared with 12 months earlier. That’s more than the 2.5 percent gain in prices for food Americans purchased away from their homes in the year through August, according to the Bureau of Labor Statistics.
Prices being raised across the country are not done yet.
U.S. restaurants plan to boost prices 2 percent during the next six months, more than the 1.7 percent average increase from the prior 12 months, according to an October survey by restaurant researcher MillerPulse in Atlanta.
This follows the trend repeated often on this blog. Costs of goods are rising, yet many so called “experts” are saying inflation is tamed or barely nudging up. My most recent post, Consumer Price Index Shows Inflation on Many Items shows beef is up double digits. Do not think McDonald’s is the only restaurant in the burger chain feeling it. In September I showed Five Guys Burgers are also raising prices (Inflation Hits Five Guys Burgers)
Pest control company Orkin has released their list of most rat infested cities. They base this on the amount of number of rodent treatments the company performed in 2013. Fall time is when most rodents start going into homes to get ready for the winter. More tips posted in the here in link provided.
2. Los Angeles
3. Washington, D.C.-Hagerstown
4. New York
5. San Francisco-Oak-San Jose
10. Miami-Ft. Lauderdale
11. Dallas-Ft. Worth
16. Minneapolis-St. Paul
Consumer Price Index numbers were released Wednesday. Buried in the report were serious rises in year to date price increases. Here is list of price increases in the last 12 months:
U.S. meat 13% (beef and veal prices up 18% and pork prices up 11.4%)
Women’s Outerwear 11%
Children’s Footwear 7.8%
Prescription Drugs 3.8%
Lodging Away From Home 5%
Here is the complete article showing prices increases and decreases.