Consumer Demand Halts Inflation
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inflationVOA
•Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike
72% Informative
Some of America 's largest companies say their customers are increasingly seeking cheaper alternative products and services.
The reluctance of consumers to keep paying more has forced companies to slow their price increases.
A more price-sensitive consumer helps explain why inflation has appeared to be steadily falling toward the Federal Reserve's 2% target.
A key question is whether shoppers will pull back so much as to put the economy at risk.
After COVID , consumers were “less responsive to price increases,” Bernstein said.
Some companies raised prices even more than was needed to cover their higher input costs.
Limited competition in some industries made it easier for companies to charge more.
Consumers are no longer so accepting, Barkin said.
VR Score
81
Informative language
85
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53
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English
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