Consumer prices
High inflation may prompt people to change their summer vacation plans
Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In fact, 69% of adults who say they will take a vacation this summer anticipate changing their travel plans as prices have soared […]
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Market will break out of slump due to peaking inflation, Evercore ISI predicts
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways […]
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What big companies are saying about consumer spending and inflation as earning season begins
At what point do consumers say enough is enough when it comes to paying more for goods and services? The question is top of mind for C-suite executives, regardless of industry, as inflation surges to levels not seen in decades. And as earnings season begins, so are the concerns about balancing the rising costs and […]
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China’s producer and consumer inflation rose faster than expected in March
A worker works on a bread production line in Zaozhuang, East China’s Shandong Province, April 7, 2022. China’s factory inflation slowed but beat expectations in March, official data showed on Monday. Costfoto | Future Publishing | Getty Images China’s factory inflation slowed but beat expectations in March, official data showed on Monday, as the country […]
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Inflation may cause Americans to cut back on travel. Here’s how to vacation and save money
Inflation is surging — and if it keeps up, Americans may start nixing their travel plans. Some 40% of U.S. adults said they would cancel a vacation or trip if consumer prices continue to rise, according to a new CNBC + Acorns Invest in You survey, conducted by Momentive. The online poll was taken March […]
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