PYMNTS-MonitorEdge-May-2024

inflation

Sky-High Grocery Prices Strain Customer Loyalty
Sky-High Grocery Prices Strain Customer Loyalty
July 27, 2022  |  Economy

As food prices continue to inflate in the double digits year over year, customers of all income brackets are considering switching to lower-priced alternatives to...

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Consumers Feel Impacts of Food Inflation Twice as Much as Actual Price Increases
Consumers Feel Impacts of Food Inflation Twice as Much as Actual Price Increases
July 27, 2022  |  Economy

As food prices skyrocket, the effect on consumers exceeds even that of the already dramatic increases seen in the hard data about these price changes....

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Inflation Wags the Dog as Pet Accessories Fetch Fewer Sales
Inflation Wags the Dog as Pet Accessories Fetch Fewer Sales
July 27, 2022  |  Economy

Testing the old Wall Street wisdom that pet supply is recession-proof, inflation is biting the hand of some of the sector’s most solid performers, and...

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Data May Show US Economy Shrank for Second Straight Quarter
Data May Show US Economy Shrank for Second Straight Quarter
July 26, 2022  |  Economy

With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in...

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Inflation Puts Dent in US Consumer Confidence
Inflation Puts Dent in US Consumer Confidence
July 26, 2022  |  Economy

Consumer confidence in the U.S. hit another low in July, as rising inflation casts a shadow over the economy’s future, Bloomberg reported Tuesday (July 26)....

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Grocers Fight Food Waste, Inflation With Mobile App Partnerships
Grocers Fight Food Waste, Inflation With Mobile App Partnerships
July 26, 2022  |  Commerce

As food prices rise, the cost of food waste for grocers — a significant issue in the best of times — becomes an all-the-more pressing...

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As Walmart Warns, Consumers See Nearly 2 Years of Inflation Pain Ahead
As Walmart Warns, Consumers See Nearly 2 Years of Inflation Pain Ahead
July 26, 2022  |  Retail

Walmart’s profit warning on Monday (July 25) sent shockwaves through already jittery markets, in effect confirming new PYMNTS research showing that over half of U.S....

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AT&T Dials Up Latest Sign of Distress for Paycheck-to-Paycheck Economy
AT&T Dials Up Latest Sign of Distress for Paycheck-to-Paycheck Economy
July 21, 2022  |  Connected Economy

The latest sign of turbulence and stress in the paycheck-to-paycheck economy comes not from the housing sector, not from credit card issuers or BNPL, but...

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Bracing for Downturn, Restaurants Leverage Digital Capabilities
Bracing for Downturn, Restaurants Leverage Digital Capabilities
July 19, 2022  |  ResTech

As skyrocketing prices threaten restaurants’ growth, many are turning to digital technologies both to retain the loyalty of cost-conscious consumers and, internally, to manage pricing...

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