Economy

Economy
Consumers Feel Impacts of Food Inflation Twice as Much as Actual Price Increases
July 27, 2022

As food prices skyrocket, the effect on consumers exceeds even that of the already dramatic increases seen in the hard data about these price changes. These impacts are compounded by consumers’ deteriorating financial situations. Get the Full Story Complete the form to unlock this article...

Economy
As Restaurant Prices Rise, Fast Food Chains See Lower-Income Consumers Pinching Pennies
July 27, 2022

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Economy
Inflation Wags the Dog as Pet Accessories Fetch Fewer Sales
July 27, 2022

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Economy
Food and Beverage Brands Push Back on Shift to Private Label
July 27, 2022

As grocery retailers observe consumers shifting to private-label items in the face of rising prices, leading food and beverage (F&B) brands are standing their ground, arguing that this trend is not the threat to their business that some might imagine. Get the Full Story Complete...

Economy
Data May Show US Economy Shrank for Second Straight Quarter
July 26, 2022

With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in front of the narrative that the nation is in recession. Get the Full Story Complete the form to unlock this...

Economy
Inflation Puts Dent in US Consumer Confidence
July 26, 2022

Consumer confidence in the U.S. hit another low in July, as rising inflation casts a shadow over the economy’s future, Bloomberg reported Tuesday (July 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Shrinkflation on the Menu Sparks Unsavory Yelp Reviews
July 20, 2022

Reviewers on Yelp have a bitter taste in their mouths and are taking to the social site as meal sizes shrink amid rising costs for everything and they feel the pinch of paying more for less. Get the Full Story Complete the form to unlock this article...

Economy
New Inflation Figures Show Restaurants Absorbing Price Increases to Retain Customers
July 13, 2022

As food prices continue to soar, grocers are bumping prices up, while restaurants continue to absorb much of this inflationary pressure in a move to avoid losing their customers to less costly alternatives. Get the Full Story Complete the form to unlock this article and...

Economy
Banks Watch Nervously From Sidelines as 9.1% Inflation Crushes Consumers
July 13, 2022

Push and pull. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications...