Costco sees indicators of inflation easing

Costco mentioned that inflation in the newest quarter was within the 5 to 6 p.c vary, down from six to seven p.c within the prior three months. “We proceed to see some enhancements in lots of gadgets,” mentioned Costco CFO Richard Galanti. “Commodity costs are beginning to fall — not again to pre-COVID ranges … however proceed to supply some reduction — issues like hen, bacon, butter, metal, resin, nuts.”