Rising interest rates and energy costs have forced consumers in Europe to start reducing their discretionary spending. 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...
After dipping in the first and second quarters, real gross domestic product (GDP) rose at an annual rate of 2.6% in the third quarter, according to an “advance” estimate released by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA). Get the Full Story...
Business activity in the U.S. shrank for the fourth month in a row amid continued high inflation and a decline in demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Food prices may continue to rise, but as grocery inflation slows, some shoppers are beginning to relax on their budgeting measures while most remain looking for ways to trim spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Inflation continues to take a bite out of the household budget, to whittle away earnings power. In response, the belts are getting tighter and tighter as we all chase discounts and sometimes even lesser quality goods — all in the bid to conserve as much...
Inflation is weighing heavy on consumers’ minds, and rarely are they as aware of rising prices than when browsing the aisles at their local grocery store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Those who have been skeptical of the hype around ultrafast grocery all along have been vindicated, at least in part, as players in the space continue to shrink, shut down and face other difficulties due to a more challenging macroeconomic environment. Get the Full Story...
People are thinking twice before opening their wallets as inflation continues to run rampant, devouring retail sales in most categories last month and aligning with increases in the Consumer Price Index and causing even the wealthiest Americans to start fearing a recession. Get the Full...
On a day when headline inflation reports showed prices increases stubbornly staying about 8%, a deeper dive into the impact that figure is having on the psyche of spending is warranted, as high-earning, wealthy consumers are joining the less affluent in adopting a more cautious...
