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Jun 13, 2023 / The Right News Right When It Happens

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Inflation Rate Declined to 4% in May

Washington, DC, June 13, 2023-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in May on a seasonally adjusted basis, after increasing 0.4% in April, the U.S. Bureau of Labor Statistics reported.

Today's Flooring News

Small Business Optimism Rose to 89.4 in May

Washington, DC, June 13, 2023—The NFIB Small Business Optimism Index increased 0.4 points in May to 89.4, which is the 17th consecutive month below the 49-year average of 98.

As Apartment Rent Growth Declines, Renters Gain the Upper Hand

New York, NY, June 13, 2023—"Apartment rent growth is declining fast, shifting the rental market to the tenant’s favor for the first time in years,” reports the Wall Street Journal.

Jaeckle Distributors Forms Partnership with Portobello America

Madison, WI, June 13, 2023—Jaeckle Distributors, a family-owned wholesale distributor based in Wisconsin, has announced that it will be partnering with Portobello America to distribute a number of residential and commercial products from Portobello’s tile offering.

Daltile Statements Dealer Meeting Underway Now in Mexico

Dallas, TX, June 13, 2023—This week, Daltile is hosting a multi-faceted meeting for its Statements Elite Daltile Dealer Program at the Hardrock Resort in Cabo San Lucas, Mexico.

Tech Companies Calling Employees Back to the Office

New York, NY, June 13, 2023—"Tech companies that led the way in embracing remote work early in the pandemic are increasingly leading their workers right back to the office—whether they like it or not,” reports the Wall Street Journal.