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Fuel costs increase prices for fresh food
PYMNTS·
Fresh food companies are increasing prices due to escalating diesel fuel costs, as reported by The New York Times. The average price of diesel has surged by 44% since the commencement of the conflict in Iran last month. This inflationary pressure is impacting businesses throughout the supply chain, forcing them to pass on higher operational expenses to consumers. The ongoing conflict and its ripple effects on energy prices pose a significant challenge to food retailers and distributors.
Tags
macro
energy
Original Source
PYMNTS — pymnts.com