_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.jpg "Retailers to Slash Prices to Combat Inflation's Squeeze on Consumer Spending from blueberry inflation mlp Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 6.1M times
✓ Published: 07-May-2024
👁 View: 6.1M times
✓ Published: 07-May-2024
Description:
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_us-pays-362m-interest-per-minute-on-national-debt-39funny-peculiar-chicken-and-the-egg-type-situation39.webp "The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy.")
⏲ 1:6 👁 10.8M
_jewlery-blues-mlp-blueberry-inflation.webp "Michael Asg66afaw")
_inflation-ponies.webp "Twinkle Dark paws")
_extreme-mlp-inflations-3636.webp "Low Budget Films LBF")
_princess-maydine39s-blueberry-inflation-but-it39s-actually-60fps.webp "Isaac The Dove")
_philippines-claim-no-official-agreed-to-chinas-proposal-on-ayungin-124-the-wrap.webp "Here are today's headlines – the latest news in the Philippines and around the world:<br/>- Philippines: We’ve never agreed to China’s Ayungin proposals<br/>- Here are the highest paid Marcos Cabinet officials in 2023<br/>- Inflation hits poor households, areas outside Metro Manila harder in April 2024<br/>- Israeli military seizes Rafah border crossing, steps up attacks in southern Gaza<br/>- Stunning red carpet looks at Met Gala 2024<br/><br/>https://www.rappler.com/video/daily-wrap/may-7-2024/")
_pod-stuck-comparison-mr-incredible-and-elastigirl-which-is-better.webp "Midnight Viewer")
_us-pays-362m-interest-per-minute-on-national-debt-39funny-peculiar-chicken-and-the-egg-type-situation39.jpg)
_jewlery-blues-mlp-blueberry-inflation.jpg)
_inflation-ponies.jpg)
_extreme-mlp-inflations-3636.jpg)
_princess-maydine39s-blueberry-inflation-but-it39s-actually-60fps.jpg)
_philippines-claim-no-official-agreed-to-chinas-proposal-on-ayungin-124-the-wrap.jpg)
_pod-stuck-comparison-mr-incredible-and-elastigirl-which-is-better.jpg)
![[+]](/images/menu.gif){kind=small}