Watch Your Wallet

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According to the New York Times, corporate America is lifting prices and bragging about bigger profits as consumers open their wallets and spend heartily.

Questions

  1. What products/services does the article cover?
  2. How do these price adjustments affect inflation?
  3. What are some of the reasons why consumers are will to pay more?
  4. Have you seen changes in your spending? Why or why not?

Source:

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)