inflationary

The chain offering burgers, chicken sandwiches and curly fries is the latest to shrink its footprint amid inflationary pressures and high labor costs.

“Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be more persistent.”

Klowden said the challenge is the inflationary effects of the tariffs will begin immediately, but it could take years for any payoff.

Gilruth described its situation as "deeply concerning" but added factors such as inflationary pressures and national insurance contributions were having a wider impact on the higher education sector.

As an economist at the conservative American Enterprise Institute warned, “Introducing large increases in the prices of imported goods could breathe new life into some of the inflationary embers.”