Consumers are feeling the pinch of higher gasoline prices. But another type of fuel — diesel — also threatens to push up prices at the store in a less visible way, economists said.
Diesel prices have soared 68% since the start of the Iran war, a larger increase than for gasoline prices, according to data from AAA.
That dynamic threatens to push up costs for consumers across store shelves, from food to physical goods, at a time when inflation is already persistently high, economists said.
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Consumers’ expectations for higher inflation over the next year jumped in September, according to the latest @UMich survey, fueled by renewed concerns about gas prices and trade tensions
"Consumers really, really like taking autonomous vehicles."
Obi CEO Ashwini Anburajan discusses passenger attitudes towards driverless taxis with @annaedwardsnews and @TomMackenzieTV
Consumers are feeling financial pressure, making them more picky about what they buy. Big retailers, like Walmart and Home Depot, are refining their sales pitches to appeal to shoppers.