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Consumer Resistance

All articles tagged with #consumer resistance

economics1 year ago

"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.

via ABC News|
#consumer-behavior#consumer-resistance#economics
economics1 year ago

"Consumers' Winning Battle Against Price Increases and Inflation"

Consumers in the US are pushing back against price increases by switching to store-brand items, discount stores, and buying fewer items, leading to a slowdown in inflation. This resistance has forced large food companies to slow down their price increases. President Biden has criticized corporations for price-gouging and "shrinkflation." Companies like Kraft Heinz and Unilever have seen sales fall after raising prices, prompting them to rein in price increases and focus on boosting sales. Federal Reserve officials expect inflation to fall back to the 2% annual target, citing consumers' growing reluctance to pay high prices as a key reason.

via Anchorage Daily News|
#consumer-behavior#consumer-resistance#economics
economics1 year ago

"Consumers' Successful Resistance to Price Hikes"

Consumers are pushing back against price increases by shifting to store-brand items, discount stores, and used cars, prompting large food companies to slow their price increases. President Joe Biden has criticized corporations for excessive price hikes and "shrinkflation." Economists believe that consumer resistance will help ease inflation, as companies are now facing consumer reluctance to pay high prices and are expected to impose smaller price increases this year.

via KOLN|
#consumer-behavior#consumer-resistance#economics
economics1 year ago

"Consumers' Pushback Against Price Increases: A Winning Trend"

Consumers are pushing back against price increases by shifting 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 overall inflation has decreased from a peak of 9.1% to 3.1%. President Biden and left-leaning economists criticize corporations for excessive price hikes and "shrinkflation." Consumer resistance has led companies to reconsider their pricing strategies, with many planning to impose smaller price increases this year. This consumer pushback is seen as a key factor in curbing inflation, with companies acknowledging the need to focus on boosting sales rather than relying solely on price increases.

via Honolulu Star-Advertiser|
#consumer-behavior#consumer-resistance#corporate-pricing
businesseconomics1 year ago

"Consumers Push Back Against Inflation: Retailers and Brands Take Notice"

Consumers in the US are pushing back against price increases by shifting to store-brand items, discount stores, and buying fewer items, leading to a slowdown in inflation. Large food companies have responded by slowing their price increases, and public frustration with high prices has become a central issue in President Biden's re-election bid. Consumer resistance suggests that inflation should further ease, and companies are now reining in price increases and focusing on boosting sales. Officials at the Federal Reserve cite consumers' growing reluctance to pay high prices as a key reason why they expect inflation to fall steadily back to their 2% annual target.

via TheGrio|
#businesseconomics#consumer-behavior#consumer-resistance
economics1 year ago

"Consumers' Successful Resistance to Price Hikes"

Consumers in the US are pushing back against price increases by shifting 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 is expected to further ease inflation, with companies already planning smaller price increases. The Federal Reserve cites consumers' growing reluctance to pay high prices as a key reason for expecting inflation to fall back to their 2% annual target.

via KUTV 2News|
#consumer-behavior#consumer-resistance#economics
businesseconomy1 year ago

"Consumers' Resistance to Price Hikes Gains Momentum"

Consumers are pushing back against price increases by shifting to store-brand items, discount stores, and used cars, leading to a slowdown in food price increases. President Biden and left-leaning economists criticize corporations for excessive price hikes and "shrinkflation." Companies like Kraft Heinz and Unilever have seen sales decline after raising prices, prompting them to rein in further price increases. Federal Reserve officials expect inflation to fall as companies plan smaller price hikes due to consumers' growing reluctance to pay high prices.

via Wink News|
#businesseconomy#consumer-behavior#consumer-resistance
economics1 year ago

"Consumers' Successful Resistance to Price Hikes"

Consumers in the US are pushing back against price increases by switching to store-brand items, discount stores, and buying fewer items, leading to a slowdown in inflation. Large food companies have responded by slowing their price increases, and the overall inflation rate has dropped from 9.1% to 3.1%. President Biden and left-leaning economists criticize corporations for excessive price hikes and "shrinkflation." Consumer resistance has forced companies to rein in price increases and focus on boosting sales. The Federal Reserve expects inflation to fall back to their 2% annual target, and companies across all industries plan to impose smaller price increases this year.

via KOLO|
#consumer-behavior#consumer-resistance#corporate-pricing
economics1 year ago

"Rising Prices: How Consumers Are Fighting Back and Winning"

Consumers are pushing back against price increases by shifting 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 made public frustration with prices a central issue in his re-election campaign. Fed officials expect inflation to fall back to their 2% annual target, citing consumers' growing reluctance to pay high prices as a key reason.

via USA TODAY|
#consumer-behavior#consumer-resistance#economics
economics1 year ago

"Consumers' Victory: Pushing Back Against Rising Food Prices"

Consumers are pushing back against price increases by switching to store-brand items, shopping at discount stores, and buying fewer luxury items, leading to a slowdown in inflation. Large food companies have responded by slowing their price increases, and even car dealers are offering discounts on new cars due to increased demand for used cars. President Biden has criticized corporations for price-gouging and "shrinkflation," and economists believe that consumer resistance will further ease inflation. Companies like Kraft Heinz and Unilever have seen sales fall as consumers opt for cheaper alternatives, prompting them to rein in price increases and focus on boosting sales. The Federal Reserve cites consumers' growing reluctance to pay high prices as a key reason for expecting inflation to fall back to their 2% annual target.

via Voice of America - VOA News|
#consumer-behavior#consumer-resistance#corporate-response
economics1 year ago

"Consumers' Successful Resistance to Price Hikes"

Consumers are pushing back against price increases by shifting to store-brand items, discount stores, and used cars, prompting large food companies to slow their price increases. President Biden has criticized corporations for price-gouging and "shrinkflation," while economists believe consumer resistance will help ease inflation. Companies like Kraft Heinz and Unilever have seen sales decline after raising prices, prompting a shift towards lower pricing and a focus on boosting sales. Federal Reserve officials cite consumers' reluctance to pay high prices as a key reason for expecting inflation to fall back to their 2% annual target.

via The Associated Press|
#consumer-behavior#consumer-resistance#economics
climate-change2 years ago

The Cost of Going Green: A Reality Check for Consumers and Governments

Hard-pressed consumers are pushing back against pro-climate measures due to the costs they impose on already stretched household budgets. While polls show that an overwhelming majority believe climate change is a problem and support policies to address it, support starts to decline once green policies come into force and people experience their costs. This resistance is evident in the waning demand for electric vehicles (EVs) and the limited adoption of heat pumps. However, delaying the implementation of net-zero measures will ultimately hit consumers' pockets harder in the long run and cost the planet dearly. Governments must ensure that the upfront costs of reaching net zero do not burden the poor, even if it means wealthier individuals paying more.

via CNN|
#climate-action#climate-change#consumer-resistance
business2 years ago

McDonald's faces pushback over price increases from loyal customers.

McDonald's CEO Chris Kempczinski said that customers are pushing back against higher prices in some markets and adding fewer menu items to their orders. Consumers' resistance to higher prices has come from going "off script" from the models it uses to determine its pricing strategy. However, McDonald's reported its third consecutive quarter of U.S. traffic growth, and it's gaining market share across all income brackets. The fast-food giant topped Wall Street's estimates for its Q1 earnings and revenue, helped both by its higher prices and increased demand.

via CNBC|
#business#consumer-resistance#inflation