The Federal Reserve Bank of New York’s Center for Microeconomic Data recently released the September 2025 Survey of Consumer Expectations, detailing inflation expectations among U.S. households, showing an increase in inflation expectations in short- and long-term outlooks. Median inflation expectations …
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3 Core Home Improvement Forecast Drivers to Watch
A new five-year forecast from the Home Improvement Research Institute (HIRI) shows real growth expected in 2025, with modest gains projected from 2026 through 2029 as inflation slows and nominal growth improves. The professional channel will drive activity in 2025, …
Read More »Pittsburgh Paints Co. Announces Price Increases
The Pittsburgh Paints Company (PPC) notified customers that it will implement price increases of 5.8% on its products beginning August 15, citing rising production and distribution costs. Additional higher increases on a smaller group of products were also announced, but …
Read More »Inflation Up in June as Tariffs Drive Prices Upward
Inflation increased in June as President Trump’s tariffs continue to impact the U.S. economy. The Consumer Price Index rose 2.7% from June of last year, according to the U.S. Bureau of Labor Statistics, the fastest pace since February. Prices rose …
Read More »Consumer Debt Reaches $5.1 Trillion in Q3
Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28%, according to the Federal Reserve’s G.19 Consumer Credit Report. Consumer debt has slowed over the past two years, …
Read More »August Sales Rise as Inflation Eases, NRF Says
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, released by the National Retail Federation (NRF). “Retail sales data shows that consumers continued to spend on household priorities …
Read More »Consumers Remain ‘Willing to Spend’ Even as Growth Slows, NRF Says
Consumers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending, National Retail Federation (NRF) chief economist Jack Kleinhenz says. “U.S. economic growth for the remainder of …
Read More »How Retailers Are Tackling Inflation Heading Into 2023
In January, U.S. inflation started high and has bounced up and down throughout the year. According to the U.S. Bureau of Labor Statistics, inflation hit a 40-year high of 9.1% in July. By October, the inflation rate dropped to 7.7%, …
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