North Carolina

‘New economic reality’: NC consumers face tariff-driven inflation

Published

8 months ago

July 15, 2025

‘New economic reality’: NC consumers face tariff-driven inflation

Rising inflation is starting to show up on North Carolina grocery receipts and in the state’s factories, economists and executives say.

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and appliances.

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

The Consumer Price Index tracks the year-over-year changes in the cost of goods and services such as groceries, clothing and medical expenses.

The CPI shows grocery prices are up about 17.2% since January 2022. It means a $100 grocery bill back then would cost about $117 today.

John Coleman, professor at the Duke University Fuqua School of Business, said the trend of higher costs is not going away.

“If you had to make some cutbacks or some adjustments in terms of what you had to buy, what you wanted to buy, you’re going to have to continue to do that for quite some time,” Coleman said. “It’s unfortunate, but that’s just the new economic reality that we’re faced with.”

In the same timeframe, clothing has also gone up about 5.5%.

Medical costs have also increased, government data shows. Physician services are up 4.9%, for instance.

Also, it’s 6.5% more for vehicles since January 2022.

There are many factors contributing to rising costs, including consumer spending habits, supply and demand and, increasingly, tariffs passed along to consumers.

“You are starting to see scattered bits of the tariff inflation regime filter in,” said Eric Winograd, chief economist at asset management firm AllianceBernstein, who added that the cost of long-lasting goods rose last month, compared with a year ago, for the first time in about three years.

Winograd also noted that housing costs, a big inflation driver since the pandemic, have continued to cool, actually holding down broader inflation. The cost of rent rose 3.8% in June compared with a year ago, the smallest yearly increase since late 2021.

The cost of gasoline rose 1% just from May to June, while grocery prices increased 0.3%.

“About three-fourths of firms locally, in the New York area, were intending to pass some of the tariff-related costs onto consumers,” said Keenan Institute of Private Enterprise research economist Sarah Dickerson.

Retailers such as Target, Walmart and Home Depot have said they’ll pass the cost of tariffs onto their shoppers.

Trump has said the goal of the tariffs is to increase American-made manufacturing, but it will take time.

Some items got cheaper last month, including new and used cars, hotel rooms, and airfares. Travel prices have generally declined in recent months as fewer international tourists visit the U.S.

Tariffs already having an effect on NC’s economy

Daimler Truck told state officials last week that the company could temporarily lay off 573 workers at a plant near Charlotte because orders for its trucks are down. The company makes vehicles that companies like UPS use to deliver goods.

Daimler Truck executives said last week that its customers are buying fewer trucks because of uncertainty over economic policy, including tariffs.

The Trump administration has been talking about tariffs for months now. But many of them have been delayed. So far, tariffs don’t seem to have had much impact on the state’s economy.

Daimler’s layoffs could be an indicator that that’s about to change, North Carolina economist Mike Walden said.

“Whenever there’s economic uncertainty, that is not good for business,” said Walden, an N.C. State University professor emeritus.

So far, many businesses have been trying to absorb the costs of tariffs. However, the latest uptick in the inflation rate means some are beginning to pass along those costs to consumers, Walden said.

“Businesses have been trying to not do that, but they have a breaking point,” he said. “I think we’re beginning to see that breaking point.”

It also means companies may decide not to invest in business infrastructure like delivery trucks.

UNC Charlotte economist John Connaughton says a lot of the goods on our roads come from China, either directly or shipped through other countries such as Vietnam and Mexico. He said tariffs are starting to slow the flow of those products.

“One thing’s for absolute certain, and that’s going to be there’s going to be a dramatic shift in the amount of trade that we do with China, and that has been driving to a great extent the trucking industry over the past decade or two,” Connaughton told WRAL in an interview.

Coleman, the Duke professor, said demand for durable goods such as trucks is already down, and the continuing uncertainty about even more tariffs isn’t helping.

“These are things that lead people to have a wait-and-see attitude,” Coleman said. “And the wait-and-see attitude is going to affect people like Daimler in trying to sell trucks. And then it goes down from there. I mean, it’s not just trucks.”

The economists that WRAL News spoke with on Tuesday agreed that North Carolina is likely to weather the economic uncertainty better than a lot of other states because the state is not overly reliant on manufacturing, which is where tariffs are hitting the hardest, and because the state’s economy and labor market continue to be very strong.

The Associated Press contributed to this story.

Source link

Related Topics:5 On Your Side Business cost of living Economy Featured grocery stores inflation NCCapitol Politics WRAL specialists

Click to comment

North Carolina

Asheville Orchid Festival brings ‘best of the best’ to region

Published

6 hours ago

March 23, 2026

Press Room

Asheville Orchid Festival brings ‘best of the best’ to region

Staff reports
| Asheville Citizen Times

ASHEVILLE – The Asheville Orchid Festival will return in all its showy glory for 24th time March 27-29.

The festival, hosted by the Western North Carolina Orchid Society and the North Carolina Arboretum, will have an “Orchid Kingdom” theme this year, and will be an American Orchid Society sanctioned judging event.

Festivalgoers can expect to experience world-class orchid growers and breeders, regional orchid societies displays and hundreds of orchids presented in displays.

Orchids will be for sale from across the United States and Ecuador and will include rare species and cutting-edge hybrids.

“The Asheville Orchid Festival has been recognized as one of the best orchid shows in the country today,” Mike Mims, past president of the WNC Orchid Society said. “A huge orchid festival that is unlike any other orchid event in the region and lures the best of the best in the orchid industry to come to Asheville for a few days to engage and show off.”

WNC Orchid Society President Graham Ramsey, and his wife, artist Leslie Keller, each year create a theme for the festival.

Last year the two created the “House of Orchids” theme to transport visitors to another time, with a Victorian-inspired model greenhouse.

“Usually we arrive at a theme, believe it or not, when we’re out hiking. We try to think of a theme that we can also come up with a neat display to match,” Ramsey previously told the Citizen Times.

In 2023, for the “Orchid Express” theme, Ramsey and Keller created a 24-foot-train that functioned as an eye-catching display for many orchids featured by the festival.

The Asheville Orchid Festival is one of the most important events of the year for the WNCOS. Beyond the opportunity for members of the society to “strut their stuff” as Ramsey put it, the event also provides crucial funding for the nonprofit’s operations.

Ramsey said the group welcomes any orchid enthusiast, “whether you have one orchid on your windowsill or 1,000 orchids in your greenhouse.”

He encourages anyone with even a passing interest in orchids to stop by the show this weekend.

“When you walk into the auditorium and see all the orchids on display, it’ll just blow your mind,” he said.

If you go

The Asheville Orchid Festival will be 4-7:30 p.m. March 27 and 9 a.m.-5 p.m. March 28-29 at the North Carolina Arboretum. Admission is $5 for attendees older than 12 and free for WNC Orchid Society members.

As of March 1, parking fees were increased to $25 for personal/standard vehicles. On the first Tuesday of every month, a $10 discount is offered for personal vehicle parking.

Admission fees include all orchid exhibits, programs and educational lectures and benefit the Western North Carolina Orchid Society to help expand the mission of “sharing the excitement and joy of cultivating orchids and promoting orchid conservation.”

Source link

North Carolina

Maryland’s season ends with 74-66 loss to North Carolina in women’s NCAA Tournament

Published

18 hours ago

March 22, 2026

Press Room

Maryland’s season ends with 74-66 loss to North Carolina in women’s NCAA Tournament

Elina Aarnisalo had 21 points, Lanie Grant scored 20, and North Carolina used a strong fourth quarter to beat Maryland 74-66 on Sunday and reach the Sweet 16 of the women’s NCAA Tournament for the second year in a row.

Nyla Harris had 14 points and eight rebounds and Indya Nivar added 11 points to help the fourth-seeded Tar Heels (28-7) advance in the Fort Worth 1 Regional later in the week. They will play the winner of No. 1 UConn vs. No. 9 Syracuse.

“We just had to stay aggressive,” North Carolina coach Courtney Banghart said. “But you don’t go this long into the season and not trust your (players). These are close games. We know they’re going to be. We’re prepared for it. I trust them.”

Oluchi Okananwa, who helped eliminate North Carolina last March in the Sweet 16 when she played for Duke, scored 21 points for No. 5 seed Maryland (24-9). Addi Mack had 13 points and Mir McLean had 12 points and 14 rebounds. The Terrapins couldn’t overcome 3-for-23 shooting on 3-pointers.

“I felt like it was there for the taking for us,” Maryland coach Brenda Frese said. “We didn’t manage enough plays to take it.”

After briefly falling behind, the Tar Heels used a 13-4 run, sparked by six points from Nivar, early in the fourth quarter for a 63-56 lead.

“They gave us a good run, and we kind of just did a good job of absorbing that and not panicking, not trying to do too much, not getting away from the game plan,” Grant said.

Maryland pulled within three in the final two minutes, but freshman Nyla Brooks drained a 3-pointer from in front of the North Carolina bench.

“Nyla Brooks has been shooting those 3s all season,” Aarnisalo said. “She’s not afraid to take any shots.”

The Terrapins failed to convert as part of 30.6% shooting in the second half.

“We had a lot of uncharacteristic missed shots in this game,” Frese said.

North Carolina took a 42-33 halftime lead, shooting 56.7% in the half.

Nivar picked up her fourth foul with 7:06 left in the third quarter. Maryland was even at 50-50 by the final minute of the quarter.

North Carolina has reached the Sweet 16 in consecutive seasons for the first time since 2014 and 2015.

Board work

Maryland was relentless on the boards, tracking down 21 offensive rebounds. Eventually, Banghart was hoping some of those shots would just go in.

“I got to the point where I was praying Oluchi would make her free throws because I didn’t want to have to rebound it,” Banghart said.

The Terrapins scored 21 second-chance points.

Needing more assists

Maryland’s three assists were its fewest this season and lowest total in an NCAA Tournament game.

The 66 points marked the third-lowest total of the season for Maryland, which entered averaging 82.8.

Up next

The Tar Heels advanced to the Sweet 16 for the 20th time.

Source link

North Carolina

March Madness 2026: How to watch the North Carolina vs. Maryland game in the second round of the women’s NCAA basketball tournament

Published

1 day ago

March 22, 2026

Press Room

March Madness 2026: How to watch the North Carolina vs. Maryland game in the second round of the women’s NCAA basketball tournament

March Madness continues today with the second round of the women’s NCAA tournament. Up next: No. 4 North Carolina vs. No. 5 Maryland. The game tips off at 12 p.m. ET today, airing on ESPN. For a complete breakdown of key dates and how to watch every March Madness game, we’ve got you covered. Here’s a look at how to watch the entire tournament from today’s second round to the Championship Final.

How to watch North Carolina vs. Maryland at the women’s March Madness tournament:

Date: Sunday, March 22, 2026

Time: 12 p.m. ET

TV channel: ESPN

Streaming: ESPN Unlimited, Fubo, DirecTV and more

North Carolina vs. Maryland game time:

The North Carolina vs. Maryland second-round basketball game is on Sunday, March 22. Tipoff is at 12 p.m. ET.

Where to watch the North Carolina vs. Maryland game:

The North Carolina vs. Maryland March Madness game will air on ESPN.

Where to stream March Madness games without cable:

Every game of the 2026 women’s March Madness Tournament will stream on ESPN Unlimited. You’ll also be able to access every game on live TV services like Sling, Fubo, and DirecTV.

ESPN’s streaming platform offers thousands of exclusive live events, original studio shows and acclaimed series that air across ESPN’s suite of seven linear channels, as well as exclusive content on ESPN+, ABC on ESPN, SEC+, ACCNX and more. The new tier costs $29.99/month or $299.99/year.

ESPN Select allows subscribers to access exclusive content only available on the app, and an extensive archive of on-demand content (including the entire 30 For 30 library, select ESPN Films, game replays and more). Whether you purchase a standalone plan, add-on or Disney bundle plan, the service provides access to thousands of sports events for $12.99/month or $129.99/year.

Sling TV’s Day Pass gives consumers the freedom to watch what they want, when they want, without committing to a monthly streaming subscription. Sign up for a single day ($4.99), a weekend ($9.99), or a full week ($14.99) and watch every channel available through Sling Orange, which includes ESPN and ESPN2, and over 30 more channels. No strings attached.

Want to catch a specific sporting event like the women’s March Madness tournament that’s spread across additional channels that Sling Orange doesn’t typically carry? You can customize your channel lineup with a Sports Extra add-on to get additional coverage of ESPNU and more for just a dollar more.

2026 NCAA women’s basketball tournament game schedule

All times Eastern.

Second round:

Sunday, March 22
No. 4 North Carolina vs. No. 5 Maryland: 12 p.m. (ESPN)
No. 2 Michigan vs. No. 7 NC State: 1 p.m. (ESPN)
No. 4 Minnesota vs. No. 5 Ole Miss: 2 p.m. (ESPN)
No. 2 LSU vs. No. 7 Texas Tech: 3 p.m. (ABC)
No. 3 Duke vs. No. 6 Baylor: 4 p.m. (ESPN)
No. 1 Texas vs. No. 8 Oregon: 6 p.m. (ESPN)
No. 5 Michigan State vs. No. 4 Oklahoma: 8 p.m. (ESPN)
No. 3 TCU vs. No. 6 Washington: 10 p.m. (ESPN)

2026 NCAA women’s basketball tournament schedule:

The schedule and locations for the women’s tournament:

Selection Sunday: 8 p.m. ET Sunday, March 15 on ESPN
Second round: March 22-23
Sweet 16: March 27-28 in Fort Worth, TX and Sacramento, CA
Elite Eight: March 29-30 in Fort Worth, TX and Sacramento, CA
Final Four: Friday, April 3, Mortgage Matchup Center in Phoenix, AZ
NCAA championship game: Sunday, April 5, Mortgage Matchup Center in Phoenix, AZ