The cost-of-living crisis is now hitting the sales of basic goods

Episode Transcript

Speaker 1 (00:00):
Americans are cutting back on the spending thanks to inflation
and that old stimulus money.

Speaker 2 (00:04):
And so consumers are having to watch their budgets a
bit more.

Speaker 3 (00:07):
Credit card desk on up, and that causes consumers to
start looking at the world a little differently.

Speaker 1 (00:11):
Economist doctor Ray Perriman says retailers are now having to
find ways to cut costs and get customers back, and
even if prices do come down a bit, don't expect
it to make dramatic impacts.

Speaker 3 (00:21):
Inflation coming down simply means the rate of increase is
coming down, not that you go back to where we
were a.

Speaker 2 (00:26):
Couple of years ago.

Speaker 1 (00:27):
He says, some commodities will drop to pre COVID levels,
but many will remain level or rise. On rape Parard
News Radio seven forty KTRH