Monthly US consumer prices post first drop in four years as inflation subsides
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
Target will no longer accept checks as a form of payment beginning July 15th.
Walgreens has announced it will cut prices on 1,300 items across its drugstores, becoming the latest big retailer to enact discounts as consumers continue to fight against high inflation.
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.
Target said the category grew high-single-digits in the latest quarter, benefiting from exclusive offers for Swift’s latest release.
Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online.
Target has stated that it will remove LGBTQ-themed merchandise from select stores in June in response to negative feedback on its sales during Pride Month last year.
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.