- Kimberly-Clark (NYSE:KMB) is raising prices for diapers and bathroom tissue as it tries to deal with increasing costs. The consumer products company said Thursday that it will raise prices in North America for its baby, child care and consumer tissue businesses in the second and third quarters.
- Kimberly-Clark said Thursday that net selling prices for items like Huggies diapers will go up 3% to 7% on average in the U.S. and Canada. Net selling prices for Cottonelle bathroom tissue will likely rise about 7% in the U.S.
- Renters beware: Double-digit rent hikes may be coming soon. Already, rental vacancy rates have dipped below the 10% mark, where they had been lodged for most of the past three years.
- By 2012, she predicts the vacancy rate will hover at a mere 5%. And with fewer units on the market, prices will explode. Alford expects rents to spike 7% or so in each of the next two years -- to a national average that will top $800 per month.
- In the hottest rental markets, the increases will likely top the 10% mark annually for the next couple of years, according to Lesley Deutch of John Burns Real Estate Consulting. In San Diego, she anticipates rents will rise more than 31% by 2015. In Seattle rents will climb 29% over that period; and in Boston, they may jump between 25% and 30%.
So to review, as long as you don't eat, drive, heat (or a/c) a home, use healthcare, have a child in college, or (insert new ones) rent an apartment, have a baby, or go to the bathroom - there is little to no inflation. Because you can buy iPads on the cheap.
(On a serious note - the theory here is without wage pressure in the U.S. there cannot be inflation because when Americans pay more for some things, they cannot pay for others yadda yadda yadda. The problem is the things Americans NEED are the ones going up in price, while the things that are for fun are the ones that are dropping).