Inflation Squeezing Lower-Income Consumers The Most

Share

The long-predicted consumer pull back is finally here with many brands reporting a decrease in same store sales. McDonald’s said it has adopted a “street-fighting mentality” to compete for value-minded diners.  Starbucks announced a surprise drop in same-store sales, while Pizza Hut and KFC also reported shrinking same-store sales.  For months, economists have been predicting that consumers would cut back on their spending in response to higher prices and interest rates, but it’s taken a while to see sales actually shrink.  Prices to eat out are up five-percent in March compared to a year-ago, while prices for groceries have increased more slowly, according to the Bureau of Labor Statistics.

***Courtesy of Total Traffic News***

Spread the word

Trending Now

Featured News Podcasts

Subscribe to our Community Newsletter

By submitting this form, you are consenting to receive marketing emails from: Prairie Communications, 55 Public Square, Monmouth, IL, 61462, https://977wmoi.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Choose a Category

Continue Reading

Honor Guard Schedule

Memorial Day Honor Guard Schedule for Sunday, May 26th 2024 10: 15 Gerlaw Cemetery 10:40 Mosher Cemetery 11:00 Memorial Park 11:15 Monmouth Cemetery 11:30 Catholic St Mary’s Cemetery Noon Lenox

Rain Kicks off Holiday Weekend

Today Sunny, with a high near 81. South wind 5 to 10 mph. Tonight A 30 percent chance of showers and thunderstorms after 5am. Partly cloudy, with a low around