A strange loop keeps happening in the U.S. economy: prices go up, forecasters predict that consumers will restrain their spending, and then we learn that consumers are unfazed by rising prices. The government’s latest inflation numbers, released Tuesday, March 14, suggest that this is still happening. The Consumer Price Index in February rose 6% from the same period a year ago, signaling that inflation has not slowed as much as economists had hoped.
Maybe Americans Don’t Mind High Prices Anymore
Alana Semuels, Time: Business
Tue, 03/14/2023 - 9:55am
Topics: consumer price index u.s gregory daco ey parthenon ldquo;we procter gamble unilever advantage solutions even nestle ldquo;in michael mccain ceo maple leaf foods ldquo;people alexander mckay harvard business school americans american time use survey ldquo;companies march in february january don prices anymore consumers inflation numbers cost year rising increase spending products increased happening buy sensitive rose raise surprised shelter company brands save data packaged strange government’s previous period economists spend years pricing paper market shopping appears continuing continue largest goods economic expensive what’s housing
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