, Columnist
No More Steak? American Consumers Try to Beat Inflation
When prices on food and other basic goods go up, people adapt their spending.
What not to buy?
Source: Bloomberg
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Glance through recent earnings reports, and it looks like Americans are breezing through the barrage of price increases coming their way.
Companies including Procter & Gamble Co., Hershey Co. and PepsiCo Inc. have all seen little impact on sales from the inflation they’ve passed onto consumers to cover their own soaring costs.