Reported 3 months ago
As inflation pressures persist, companies are caught in a struggle to balance price reductions while maintaining profit margins. Consumers are increasingly seeking value, particularly in food and fuel, leading to a 'pull and tug' situation where loyalty to brands that respond with lower prices will be crucial. Experts suggest that while some goods have seen price drops, the broader economy, marked by labor shortages, complicates the ability for widespread price reductions.
Source: YAHOO