Forecasts on inflation, investments in Central America, a call for a stronger response to an increase in retail thefts, and Connecticut’s COVID-19 response are among the top business news items this morning.
Economists are anticipating that inflation will remain near the 6.8 percent annual gain posted recently for the next few months before moderating in early 2022. Analysts say factors such as dropping crude oil prices and improving supply chains will help ease the upward pressure on prices.
Vice President Kamala Harris highlighted commitments by several major businesses to support economic development in Central America. Harris said such initiatives help to address a root cause of migration to the United States.
A coalition of major retailers testified before Congress recently, urging lawmakers to improve transparency in online marketplaces to curtail the resale of stolen goods. This recommendation comes as retailers have been enduring an increase in thefts, including more brazen organized and smash-and-grab incidents.
Governor Ned Lamont has again said he is not planning any new mask mandates or other restrictions despite recent increases to Connecticut’s COVID-19 daily test positivity rate. Lamont said his administration is focused on promoting vaccinations, including efforts to create a digital resource for residents to show proof of vaccination.