Echoing its data throughout the year, Toast found that menu prices continued to climb in November, often exceeding the current inflation rate of 2.7%. If you like your (retail) brew steeped, the increase is steep, too, with the median price of cold brew in November up 4.5% YoY, to $5.54, while regular coffee was up 3.5%, to $3.59, per Toast. Burrito…
As major milestones like buying a home or having kids have felt increasingly unattainable, younger generations have invested more in something arguably as rewarding: their pets. During the pandemic pet boom, an eye-popping 23 million American households adopted a cat or dog, which forced people to adjust their household budgets to afford a new furry…
China’s November economic data pointed to a continued strain as retail sales fell to a three-year low and both consumer spending and investment weakened. Figures released on Monday by the National Bureau of Statistics showed that retail sales increased by only 1.3% from a year earlier, marking the slowest growth since the Covid period and…