The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.

Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

  • 432@lemmy.world
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    3 months ago

    Where is that?

    In the US, your car insurance alone will far exceed the cost of a daily/weekly/monthly transit pass so I find that extremely hard to believe. For instance, in Dallas, a daily transit pass is $6 (there are cheaper passes for monthly or even yearly time frames), and in Houston a daily pass is $3.

    • SpaghettiYeti@lemmy.world
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      3 months ago

      *Maybe in Texas regarding insurance being more than transit. When I lived there my car insurance was $160/no because of all the uninsured, dangerous drivers. And by those I mean Americans to be clear. I moved north and I’m paying $55/mo for insurance…