CEO says he's 'praying for inflation' because it's good for his business, report says

by ZACHARY ROGERS | The National Desk

Thu, September 29th 2022, 8:02 PM UTC

FILE - In this May 10, 2020 file photo, a shopper pushes his cart past a display of packaged meat in a grocery store in southeast Denver. Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month. Thursday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches consumers — declined 0.5% in July. (AP Photo/David Zalubowski, File)

FILE - People shop at a Target store in Clifton, New Jersey, on Monday, Nov. 22, 2021. The nation’s two major retailers _ Walmart and Target_ plan to push deals and other marketing gimmicks for the holiday shopping season earlier than last year as soaring inflation spurs customers to get a jump start on gift giving. (AP Photo/Ted Shaffrey, File)

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FILE - In this May 10, 2020 file photo, a shopper pushes his cart past a display of packaged meat in a grocery store in southeast Denver. Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month. Thursday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches consumers — declined 0.5% in July. (AP Photo/David Zalubowski, File)

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