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price increasesABC News
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83% Informative
Some of America 's largest companies say their customers are increasingly seeking cheaper alternative products and services.
Consumers aren't cutting back enough to cause an economic downturn, economists say.
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 now is whether shoppers will pull back so much as to put the economy at risk.
After the pandemic, consumers were less responsive to price increases, Bernstein says.
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.
Consumers are no longer so accepting, Barkin says.
VR Score
86
Informative language
85
Neutral language
55
Article tone
informal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Affiliate links
no affiliate links