Consumers are tired of inflation. But some retailers fear falling prices
Publishing timestamp: 2024-02-25 08:00:01
Summary
Retailers like Home Depot say prices have stabilized, but some predict deflation for food at home later this year. While some national consumer brands have paused price increases, others are still raising prices. The latest government data shows inflation is still a concern, with prices rising faster than expected. Some products have seen price cuts, but not all commodities have tumbled in price. Food suppliers are facing weaker demand, which could lead to meaningful price cuts. Companies are navigating the delicate balance between protecting profits and passing on lower input costs to consumers. Deflation could offer consumers relief, but it also presents challenges for businesses.
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Keywords: hershey co, business news, brad thomas, pepsico inc., unilever plc, restaurants, breaking news: business, home depot inc, jimmy dean, tyson foods inc, kellogg co, cal-maine foods inc, food and drink, nestle sa, business, kraft heinz co, walmart inc, coca-cola co, prices, retail industry,
Source: https://www.cnbc.com/2024/02/25/inflation-vs-deflation-retailers-fear-falling-prices.html