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Corporate Pricing

All articles tagged with #corporate pricing

politics1 year ago•3 min saved

"Biden's Task Force Targets Unfair Pricing and Corporate Rip-Offs"

President Joe Biden is set to launch a joint task force led by the FTC and DOJ to address "unfair and illegal" corporate pricing, aiming to combat practices that inflate costs for consumers despite a strong economy and cooling inflation rates. The task force will be part of the White House Competition Council's efforts to tackle anti-competitive practices, with the administration also releasing rules to cut credit card late fees and protect farmers. Biden's push against corporate pricing practices comes amid growing economic optimism but lingering concerns about the economy's impact on consumers.

via CNBC|

#corporate-pricing #doj #economy

economics1 year ago•6 min saved

"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•7 min saved

"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•6 min saved

"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