News Summary

• Of the 45 items, seven had price increases from January to May and five had price reductions.
• The most significant changes were in coffee beans and beef, both of which are facing significant supply pressures.
• Costco doesn't report its financials until Thursday, so we'll all have to wait and see what it has to say.
• It's clear from the past week that some retailers may have been willing to take a temporary hit to keep shoppers happy, but they aren't likely to keep covering the high cost of fuel indefinitely.