According to the New York Times, corporate America is lifting prices and bragging about bigger profits as consumers open their wallets and spend heartily.
- What products/services does the article cover?
- How do these price adjustments affect inflation?
- What are some of the reasons why consumers are will to pay more?
- Have you seen changes in your spending? Why or why not?
Smialek, J. (2022). Corporations Raise Prices as Consumers Spend ‘With a Vengeance’. The New York Times, Feb. 27 (Retrievable online at https://www.nytimes.com/2022/02/27/business/economy/price-increases-inflation.html)