Inflation driven by haircuts

Some of Donna Hooman’s clients have been coming to her to cut her hair since the 1970s – when she paid $1 for her haircut. In January, Salon Side Door raised prices, something it hadn’t done in four years, from $18 to $20 for a unisex shaving shampoo. [de 17 à 19 euros] Styling (drying and smoothing) $14-16. The cost of living increases, as does the cost of his business. It clarifies that the cut price was also expected to rise.

The Side Door beauty salon initiative, located in central Illinois, does not bode well for those hoping to de-inflate. It is not possible to move abroad with the service provided by hairdressers. When the price of hairstyles rises, for economists, it is an indication that inflation is taking root deeply in a country’s economy.

In May, that rate was up 6.2% from a year earlier, according to the Bureau of Labor Statistics. [l’agence fédérale du travail et des statistiques]the largest increase since 1982.

Water, varnish, charge, sharpen…

Donna Homan hates raising her rates. “I don’t do this for fun”, Says. Some of the pressures she faces on her expenses include the increased cost of the sharpener that sharpens her scissors—from $25 to $30 a pair—and an increased water bill, the price of wigs and hairspray, as well as shipping costs for shampoo and hairstyling. Products that have nearly tripled.

Raising her rates again may help keep her head above water, but it leaves her in a bind. Some of her clients are already struggling to make ends meet and she is unsure they can afford another raise, given the high cost of living. She explains:

They are worried about the price of fuel that comes by car here. They wonder if they have enough money to eat.”

Many US officials are pointing the finger at the global power game, particularly the disruption of the chains.

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