Consumers’ Shift to Travel, Dining Out Boosted March Spending, Economists Estimate
This post was originally published on this siteConsumer spending is estimated by economists to have accelerated in March as rising wages propelled Americans to spend more on services like dining out and travel.
High prices, fewer choices: Inventory of summer goods is OK, but supply chain troubles loom
This post was originally published on this siteRetail inventories are set for summer, but beyond that, new supply chain strains are clouding the inventory and inflation outlook for the second half.
Consumer confidence unexpectedly rose in March despite inflation
This post was originally published on this siteConsumer confidence went up in March despite inflation that has become a top worry for Americans. The Conference Board’s index found consumer confidence rose to 107.2 in a report on Tuesday, Bloomberg reported.In February, consumer…
US consumer prices hit new 40-year high as Ukraine shock looms
This post was originally published on this site US consumer prices hit a new 40-year high last month as the world’s largest economy continued to be battered by a surge of inflation, which the fallout from Russia’s invasion of Ukraine is expected to worsen. The consumer price index (CPI) was...
Russia’s Invasion of Ukraine Threatens Further Hikes in Food Prices
This post was originally published on this site Even before Russia invaded Ukraine, food prices were spiking around the world because of supply chain disruptions. A combination of always unpredictable nature, bad policy, and busted supply chains (also largely from policy decisions) hiked the cost of fertilizer for farmers. That...
Consumer Spending Rebounded in January, Economists Estimate
This post was originally published on this siteRussia’s attack on Ukraine could raise gasoline prices, curbing growth in spending overall.
Here’s the truth about rising inflation — and it has nothing to do with spending
This post was originally published on this site Inflation numbers for December indicate rising prices continue to be a major problem. The Personal Consumption Index, which the Fed uses to gauge inflation, was up 5.8 percent for the year that ended in December, a slight increase from 5.7 percent in...
Retail Sales to Show Consumer Appetite for Spending Amid High Inflation
This post was originally published on this siteEconomists expect vehicle purchases dominated consumer spending at start of year.
Avocado prices could spike as U.S. suspends avocado imports from Mexico
This post was originally published on this siteThreat against government official led U.S. to halt shipments from area that supplies vast majority of imports.
Economists Expect Pickup in Producer Prices for January
This post was originally published on this sitePrices that suppliers charge businesses and other customers are expected to have accelerated in January, boosted by pandemic-related disruptions and continued strength in consumer demand.
