EZ One Price Cleaners is once again raising its "one price." The company, which has three locations in metro Atlanta, opened their first outpost along Roswell Road in Chastain Park in 2013. A second location opened along Roswell Road in Sandy Springs in 2014 followed by a third along Cheshire Bridge Road in Atlanta in 2015. Originally, all three locations offered basic dry cleaning for "one price:" $1.99 per piece. Gradually the chain raised their price, first to $2.29, then $2.59, $2.79 and most recently to $2.99.
According to a recent article by CNBC "The consumer price index, which measures costs for a wide range of items, increased 5.4% in June, the fastest pace in nearly 13 years. Excluding food and energy, the gauge rose 4.5%, the fastest acceleration in nearly 30 years."
|EZ "One Price" at the time of its first price increase|
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time. “We will have several more months of rapid inflation,” Yellen told Sara Eisen during a “Closing Bell” interview.
With fewer people going to work and likely less need for dry cleaning services, one has to question the timing of such a significant price increase.
Have you reduced your dry cleaning over the past year? What are your thoughts on the hefty price increase? Is there an item or service that no matter the price, you can't live without?
Please share your thoughts below.