My business relies on manufactured aluminum products. Our chief supplier hit us with a 9% price increase last month.
My wife and I haven’t raised our street prices in many years, but now we have no choice.
In the long run, though, I think this will be a good thing for US industries.
A 9% rise in the cost of a raw material doesn’t equate to a 9% cost in the retail price of a finished good. We are not economically stupid out here.