Consumer Behavior – Page 30

Inflation Sped Up Again in May, Dashing Hopes for Relief

The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.

The move shows how inflation and changing consumer behavior are souring the business outlook for many retailers.

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Businesses face headwinds as demand weakens, the Federal Reserve raises rates and government stimulus programs end.

As stocks have tumbled this year, predictions that the selling is over have been wrong time and again.