Matt Egan

Well, yeah, some companies are jacking up their prices for a variety of reasons.

Some of them are citing higher wages for their workers, higher health care costs, and of course, the president's historically high tariffs.

And yeah, this is affecting everything from jeans made by Levi to spices from McCormick.

Also, outerwear, jackets, and other clothing from Columbia Sportswear.

One example, so McCormick said that they're facing about a $50 million hit from higher U.S.

tariffs, and they're taking what they're describing as, quote, surgical price hikes.

Levi says that some of their men's jeans are going to go up by $5 per pair, women's jeans up by $10.

Not just major corporations.

Look at this.

This is small businesses.

More than half of small business owners in a recent survey, 54%,

That's the blue chunk here, say they plan to raise prices over the next few months.

42% say they're going to keep them the same.

And just 3%, that little green slice, say they plan to cut prices.

Now, some of this is kind of normal start of the year type moves that you see from companies as they look at their prices.

Some of it seems a bit more aggressive.

The Wall Street Journal talked to a construction company in Cincinnati that said because of health care costs and steel tariffs, they plan to raise their prices by 10% to 15%.

online prices are also going up rapidly.

Speaker 1 I think you get it.

Breaking just moments ago, new data showing January was the worst month for job cuts since the 2009 Great Recession.