inflation

Olive Garden prices rise despite losing customers due to inflation

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Olive Garden said it plans to continue raising menu prices — even as top executives admitted sales fell in the latest quarter as inflation-hit customers pulled back. Olive Garden’s same-store sales — or sales at stores open at least a year, a closely watched metric — fell 1.5% in the quarter ended May 26 — … Read more

Bank of England keeps rates steady despite slower inflation

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The Bank of England kept interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5.25 percent, where they have been for 10 months. Officials said high rates were working and cooling the labor market, reducing price … Read more