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...But it also noted that 76 per cent of consumers have made spending cuts to at least one category in the past six months, and that across all categories, consumers were downgrading to cheaper brands more...
...The decision comes as European consumers have been grappling with several years of high inflation, which has particularly affected food prices....
...Rohit Chopra, director of the Consumer Financial Protection Bureau, warned about the effects of large deals on competition and financial stability....
...But the Methodist Church in Ireland was taking no chances, asking its congregations to pray “for the rain to ease” as well as “understanding and an appropriate response from government . . . and consumers...
...Other consumer goods and fast food companies have also flagged consumer stress....
...The biggest concern for investors, of course, is consumers buying less chocolate. Traditionally, that has not been a problem at Barry Callebaut....
...German consumer price inflation slowed to 2.2 per cent in March, its lowest annual rate since June 2021, and the government now expects it to average 2.4 per cent over the whole of 2024, down from 5.9 per...
...But more importantly, we’re a big consumer, and that’s where our exposure lies.”...
...US consumers’ perception of the economy slipped in April as recent economic data has shown a stall in disinflation at the start of 2024, lowering the chances of the Federal Reserve cutting interest rates...
...Chief executive Ramon Laguarta told analysts that low-income consumers in the US were still “stretched”, while Chinese consumers are “very cautious”, though the Chinese sector remained “resilient”....
...European public and consumer sentiment, or at least campaigners’ influence, is now one of the most powerful forces determining swaths of EU trade policy and hence global regulation....
...A growing number of health-conscious consumers rejecting beer, wine and spirits represents “a big opportunity”, said the chief executive of Japan’s biggest brewer Asahi, who forecast zero- and low-alcohol...
...Inflation-weary consumers are spending less on clothes. Hybrid work arrangements mean sweatpants and leggings still rule. It has also faced new competition from the likes of Nuuly and Armoire....
Higher prices for smaller products are hitting economies and consumers across the world
...Although inflation has hit low-income consumers the hardest, some retailers have noticed higher-income consumers feeling the squeeze....
...But both high-street names are in the same fight: competing for reasonably well-off consumers in the premium grocery market as well as in fashion and homeware, with cash-conscious shoppers tempted by discount...
...“[Yet] it is clear the improvements in consumer confidence seen [in] most months since January 2023 have vanished.”...
...General Mills warned that consumers were increasingly value-conscious, as the Cheerio’s maker managed to beat earnings forecasts despite soft demand for its snacks and cereals....
...On Thursday consumers had only intermittent access to some sites....
...That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places....
...The region-wide Stoxx Europe 600 gained 0.2 per cent, pulled higher by strong performance for consumer groups....
...The shift has resulted in consumers drinking less but higher-quality alcohol, or choosing low-alcohol or alcohol-free versions....
...It will also allow merchants to charge different prices to consumers based on which credit card they use....
Data centres are becoming some of the biggest consumers of power and water
...China’s consumer prices edged higher in March, missing analysts’ forecasts and underlining the challenges for the world’s second-largest economy as it tries to boost domestic demand....
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