As prices increase consumers set priorities

A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Surging prices force consumers to ask: Can I live without it?
  • Spending habits are starting to shift as consumers set their priorities.
  • Consumer prices have risen at the fastest clip in four decades.
  • Some companies like airlines have benefitted, while Amazon is seeing a slowdown.
  • Amazon’s most recent quarterly sales grew at the slowest pace since the 2001 dot-com bust.
  • Netflix lost subscribers in the last quarter for the first time in more than a decade.
  • Video game maker Activision Blizzard, home appliance giant Whirlpool and 1-800-Flowers all reported weaker sales in the last quarter.

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