Consumer Demand Halts Inflation
This is a Amherst news story, published by CBS News, that relates primarily to Isabella Weber news.
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inflationCBS News
•Consumers saying "enough's enough" is helping to tame inflation
76% Informative
Inflation is nearing end of a "round trip" back to the Fed 's 2% target, economists say.
Consumers aren't cutting back enough to cause an economic downturn, they appear to be returning to pre-pandemic norms.
The reluctance of consumers to keep paying more has forced companies to slow their price increases.
The key question is whether shoppers will pull back so much as to put the economy at risk.
Some companies raised prices even more than was needed to cover their higher input costs, thereby boosting profits.
Limited competition in some industries made it easier for companies to charge more.
Economist Isabella Weber at the University of Massachusetts , Amherst , dubbed this phenomenon "sellers' inflation" in 2023 .
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