Latest news with #risingcosts
NHK
3 days ago
- Business
- NHK
Japanese voters hungry for solutions to cost of living crisis
This Upper House election, rising costs of staple goods are a key issue for families and businesses alike. Some parties are pitching solutions like cash handouts and tax cuts, but is it enough?
Yahoo
4 days ago
- Business
- Yahoo
Alberta inflation rate holds steady as lower gas prices offset higher food, shelter costs
Inflation in the province remained at 1.7 per cent for the month of June. The Canadian Federation of Independent Business reports that rising costs are forcing some of its Alberta members to make difficult decisions, including reducing staff.
CBC
4 days ago
- Business
- CBC
Alberta inflation rate holds steady as lower gas prices offset higher food, shelter costs
Inflation in the province remained at 1.7 per cent for the month of June. The Canadian Federation of Independent Business reports that rising costs are forcing some of its Alberta members to make difficult decisions, including reducing staff.
BBC News
23-06-2025
- Business
- BBC News
Cambridgeshire chip shop owners worried as fish prices rise
Chip shop owners said they feared for the future of the traditional fish and chip meal due to the rising costs of cod and other Singh, whose family runs three businesses in and around Peterborough, said he believed many shops might simply stop selling fish in the future – offering only food like sausages and burgers Cambridgeshire shop owner, Mark Petrou, said fish was double the price of last year and he planned to remove large cod from his menu because it was "too expensive".The National Federation of Fish Friers said the market was more "competitive" due to tight quotas. The government said changes in food prices were "driven by a number of factors". Mr Singh, 21, is a second generation chip shop owner and said there were many challenges."All costs involved seem to be higher and higher, and now fish prices are going through the roof," he family also owns a shop in Eastfield that relies on selling burgers, kebabs and sausages."Without them, the shop would be on its knees. We have to do something else to keep going," he added. Mark Petrou, an award-winning fish and chip shop owner based in Chatteris, has been running his business since 1987."I will be taking large cod off my menu, because the price I'd have to charge would be unaffordable for most people - it'd be around £20 a time with chips," he the Covid pandemic he said regular cod and chips were priced at £8, but now cost customers £11.50 - despite him trying to absorb as many costs as year he said fish from his supplier was £98 a case, but was now £ believed costs would "only get worse" due to changes to Norway's fishing quotas to let stocks recover, which meant "supply has dropped for us and pushed up prices". Andrew Crook, president of the National Federation of Fish Friers, said: "We are in a situation currently where the price we need to sell fish and chips for needs to increase just as consumers have less money in their pockets."The Barents Sea quota for cod has been reduced to 380,000 tonnes for this year compared to 1,000,000 tonnes four years ago, which is causing supply issues as we have to contend with global demand for cod and haddock."Mr Crook added that the industry was looking at alternative species to give consumers the option, as well as shops offering different portion sizes. "Fish and chips still compares well to other food options out there," he added. A government spokesperson said it was "backing coastal communities and the fishing industry by investing £360m, helping to secure the future for the next generation of fishers"."Changes in food prices are driven by a number of factors such as import prices, manufacturing costs and exchange rates, and we closely monitor this." Follow Peterborough news on BBC Sounds, Facebook, Instagram and X.
Independent Singapore
30-05-2025
- Business
- Independent Singapore
Trade costs force 42% of Singapore firms to raise prices, HSBC finds
Photo: Depositphotos/realinemedia SINGAPORE: Rising costs due to tariffs and other trade-related factors, the biggest concern for almost six in 10 Singapore businesses, have led 42% of companies to increase their prices, according to Singapore Business Review , citing a recent HSBC report. In addition to those that have already raised prices, 44% plan to do so soon, and 42% have increased their inventory levels to manage supply disruptions. Rising costs and supply disruptions have also led eight in 10 businesses to reconsider their long-term strategies. Meanwhile, 86% say uncertainty around trade has made them more cautious to expand or invest. When it comes to international trade growth in the coming years, 83% of Singapore companies feel less confident compared to their global peers. In terms of trade dynamics, half of Singapore firms plan to increase trade with South Asia, including ASEAN, India, and China. Beyond Asia, 46% aim to trade more with Europe, and 38% with the Middle East. Last week, Ang Yuit, president of the Association of Small and Medium Enterprises (ASME), warned that some Singapore firms could go into 'life support mode' once the 90-day pause on US tariffs ends. /TISG Read also: 42% Singapore employers to expand their permanent headcount in H12025, with more focus on non-monetary perks Featured image by Depositphotos (for illustration purposes only)
