1. Trends & External Forces

Costco sees signs of inflation easing

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Costco said that inflation in the most recent quarter was in the five to six percent range, down from six to seven percent in the prior three months. “We continue to see some improvements in many items,” said Costco CFO Richard Galanti. “Commodity prices are starting to fall — not back to pre-COVID levels … but continue to provide some relief — things like chicken, bacon, butter, steel, resin, nuts.”

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