Pilot Pen G2 Edge

Inflation

NRF: Tariff hike could cost consumers $31 billion

NRF: Tariff hike could cost consumers $31 billion

WASHINGTON – American consumers could lose $31 billion in spending power if U.S. tariffs are raised on common household products like microwaves and T-shirts imported from China, according to a new report released Thursday by the National Retail Federation. The study, “Estimated Impacts of Changes to China’s Tariff Status,” examines how ending the country’s permanent

FMI issues statement on food inflation

FMI issues statement on food inflation

ARLINGTON, Va. – FMI – The Food Industry Association Vice President, Tax, Trade, Sustainability and Policy Development Andy Harig issued the following statement on the May 2023 Consumer Price Index (CPI) numbers that reveal another month of moderating food price inflation. “The May CPI report reveals grocery prices continue to level off, with food price inflation

FMI: Consumers respond to high prices by seeking deals

FMI: Consumers respond to high prices by seeking deals

ARLINGTON, VA — Shopping around to find bargains is a more popular way to cope with inflation than buying fewer items, according to a new survey of U.S. grocery shoppers conducted for FMI — the Food Industry Association. Among shoppers concerned about rising food prices, only 32% reported buying fewer items as a strategy in

Balance between inflation and interest rates key to avoiding recession

Balance between inflation and interest rates key to avoiding recession

WASHINGTON – It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances, National Retail Federation Chief Economist Jack Kleinhenz said Tuesday. “This year starts with the possibility of easing inflation but also uncertainty,” Kleinhenz said, referring to the interest

Survey: holiday shopping a priority, despite inflation

Survey: holiday shopping a priority, despite inflation

WASHINGTON — As high rates of inflation persist, consumers across income levels are feeling the pain of higher prices on everything from household essentials to services like travel and dining out. Despite challenges, consumers are still prioritizing holiday spending. An NRF September 2022 consumer survey found that: Households earning over $75,000 a year are twice as likely

Taming the Inflationary Tiger

Taming the Inflationary Tiger

I saw a report from Bloomberg a little while ago that the Federal Reserve has a new plan to end high inflation — through a “growth recession” strategy. Worrisome, huh? The economist who first thought up “growth recession” likened it to a contained tiger – not a tiger running loose, but not a paper tiger

Strong B-T-S spending seen, despite inflation concerns

Strong B-T-S spending seen, despite inflation concerns

CHICAGO – Back-to-school spending this season will reach an all-time high, according to an online consumer survey from JLL Retail Research. JLL conducted the survey of 1,001 parents of school-age children in mid-June to learn how they intend to shop for the back-to-school season, how inflation is affecting purchase plans, which retailers they plan to