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Inflation Now: Five Below Not Alone Hiking Prices | Investor’s Business Daily

Looking for real-life signs of inflation — despite what official statistics say? Just listen to what some corporate executives are already talking about.

Five Below (FIVE) this week said it will start selling select items for more than five bucks. Meanwhile, Dollar Tree (DLTR)and Dollar General (DG) executives recently said higher prices are likely coming. Retailers’ whose names are pegged to certain dollar prices are just the most dramatic examples of the trend.

But talk about raising prices to boost profit or to head off the hit of higher prices due to tariffs or higher wages, is coming from beyond dollar stores, according to an Investor’s Business Daily analysis of data from Sentieo. The analysis reviews recent transcripts where top executives of consumer companies talked about price hikes. They’re mounting.

Inflation Signs Ahead At Five Below
Retailers like Five Below are the most glaring examples of rising prices since they’ve literally built their businesses on the allure of low prices of a set dollar amount.

Even a seemingly small hike is a big deal for Five Below. “Increasing prices beyond the $5 price point is a decision we do not take lightly,” CEO Joel Anderson said in the company’s earnings call June 5. “We will be testing higher pricing on select products in a group of stores before rolling out increases to the entire chain. Whether some items are priced at $5, $5.25 or $5.55, we remain firmly committed to providing extreme value to our customers on fresh, high-quality, trend-right products in a fun, differentiated shopping experience.”

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Inflation Now: Five Below Not Alone Hiking Prices| Investor’s Business Daily.

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