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Press Release - Rising lemon prices may cut profits for kids’ summer plans | Runzheimer

Press Release.

06.29.2017

Rising lemon prices may cut profits for kids’ summer plans

WATERFORD, Wis. – Runzheimer, a relocation and business vehicle data provider, recently performed their annual study based on their goods and services pricing. Runzheimer’s data showed that the average price of lemons is up over 18% from this same time last year. This significant year over year increase could take a bite out of profit margins, which may translate to a higher price point next time you stop at your neighborhood lemonade stand.

Runzheimer collects goods and services costs across the U.S. and Canada for the purposes of calculating living cost comparisons across locations. Such comparisons are used by organizations that relocate employees to new work sites, calculating cost-of-living allowances. Other organizations use Runzheimer’s data to create geographic salary differentials when creating competitive compensation strategies across labor markets.

The study includes prices from almost 100 communities across 65 major metropolitan areas.

The data collected includes a regional breakdown which demonstrates the change in prices based on specific regions of the country:

REGION
2016
2017
% Change

NORTHEAST
$1.83
$2.07
13.1%

MIDWEST
$1.71
$2.03
18.7%

SOUTH
$1.47
$1.76
20.2%

WEST 
$1.57
$1.88
19.4%

The northeast region of the U.S. experienced the smallest increase year over year (13.1%) while the south experienced the most significant increase (20.2%).

To understand more, contact us at https://www.runzheimer.com/contact-us.

About Runzheimer

Founded in 1933, Runzheimer connects people, companies and their vehicles in ways that drive superior productivity and impactful business intelligence. We provide expertise, technology and world class customer service that empowers companies to move their businesses forward with confidence. As a result, our customers are able to better manage cost, reduce business risk and increase employee satisfaction in the mobile workplace. Runzheimer is the leader in workforce mobility programs, designing and delivering fair, accurate and defensible™ business vehicle programs, relocation information services and business expense solutions. We are highly renowned and recognized for our market leading service delivery focus, an integral part of our corporate culture.