"Consumers' Successful Resistance to Price Hikes"

Consumers are pushing back against price increases by switching to store-brand items, discount stores, and used cars, leading to a slowdown in inflation. Large food companies have responded by slowing their price increases, and President Biden has criticized corporations for price-gouging and "shrinkflation." This consumer resistance has led to a significant improvement in the role consumers play in curbing inflation, with companies planning smaller price increases and focusing on boosting sales.