The CEO of Kraft Heinz, Miguel Patricio, warns the public that higher food prices are not changing in an
interview with the BBC. Numerous factors have resulted in Heinz, and many other companies, raising their food prices. The biggest contributors being an increase in price of ingredients and a lack of labor internationally.
The past year has seen a real estate boom despite several areas of the economy still struggling due to the pandemic. CBS News reports that home prices grew 15 percent by the end of 2020 compared to the year prior. According to Realtor.com, home prices have risen 14.3 percent since the onset of the pandemic, there are 50 percent fewer homes on the market, and new listings are 27 percent lower than expected for March 2021.
Read More