this post was submitted on 12 Aug 2024
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Economics

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The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. 

Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

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[–] psycho_driver@lemmy.world 44 points 11 months ago (2 children)

Refusal or inability to? You can't squeeze blood out of a turnip.

[–] Lexam@lemmy.ca 1 points 11 months ago (1 children)

With current science, they may be able to.

[–] No_Eponym@lemmy.ca 5 points 11 months ago

Beyond Blood^TM^