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Inflation Speeds Up Again, Dealing Another Blow to Bev/Al Marketers
Inflation speeded up in May, rising 4.2% from a year earlier, the fastest pace since April 2023.
While many producers have tried to hold the line on prices, others have raised them, wiping out pay increases Americans received over the past year. Adjusted for inflation, hourly earning have fallen
US Consumer Confidence Edged Lower in May, but Good News for Bev/Al
There's good news for bev/al marketers buried in this month's Conference Board Consumer Confidence Index: consumers plan to spend more on eating and drinking outside the home.
As for the Consumer Confidence Index overall, it dipped 0.7 points to 93.1 (1985=100) in
64% of Americans Say Rising Gas Prices Have Affected Household Finances
Some 64% of Americans say recent increases in gas prices have affected their household’s financial situation, with a large majority (83%) expecting gas prices to continue to rise in the next month, a new Reuters/Ipsos poll conducted May 8-11 finds.
Economic stress is often cited as one