Shortly afterward prices fell again.
The prices stated on the invoice are binding.
Conversely, when the supply is scarce, prices increase.
Griddy passed those surging prices on to its customers.
Take the pattern of prices over time.
But for many other firms, changing prices is costly.
American factories are still struggling to raise prices.
An obvious remedy for rising costs would be to raise prices.
Futures prices are below spot prices (see chart).
The prospect of lower prices can encourage selling which drives down prices further.
If oil prices are hard to predict, futures prices should be lower than spot prices.
Core consumer prices, which excludes volatile food and energy prices, increased 2.2% over the past 12 months.
At the same time, the startup of the east coast LNG sector pushed up gas prices, in turn driving up electricity prices.
"Off-the-radar agricultural prices generally and grain prices specifically have rocketed higher," said Edwards, in a research note.
Yet residential prices are already high, compared with incomes and rents, and London's upwardly mobile property prices look precarious.
"For all the focus on supply disruptions pushing goods prices higher, the strongest upward pressure on prices is coming from the services sector."
Claims have also been made that administered prices are necessary to the operation of a mass production to avoid the inefficiency in negotiating prices in each transaction.
The Micro wasn't cheap: prices started at £235 (£700 at current prices) and £335 (£1,000 at current prices) for the Model B, which became the iconic version.
Portland International Airport, for example, implemented a policy in the '80s that keeps food prices in the airport equivalent to the food prices found in the city of Portland.
• House-price index: rebased to 100 at a selected date and in nominal terms • Prices in real terms: prices in $'000 at 2015 prices (deflated by CPI) • Prices to income: the ratio of house prices to median household incomes compared to their long-run average • Price to rent: the ratio of house prices to annual private-sector rents compared to their long-run average • Percentage change: shows the change in inflation-adjusted prices between two selected dates
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• House-price index rebased to 100 at a selected date and in nominal terms • Prices in real terms prices in '000 at 2015 prices deflated by CPI • Prices to income the ratio of house prices to median household incomes compared to their long-run average • Price to rent the ratio of house prices to annual private-sector rents compared to their long-run average • Percentage change shows the change in inflation-adjusted prices between two selected dates