Key Points
- As shoppers await price cuts, retailers like Home Depot say their prices have stabilized and some national consumer brands have paused price increases or announced more modest ones.
- Yet some industry watchers predict deflation for food at home later this year.
- Falling prices could bring new challenges for retailers, such as pressure to drive more volume or look for ways to cover fixed costs, such as higher employee wages.
That’s the weirdest comparison you could make. Private teaching isn’t a necessity, even more so music. People aren’t picking between store brand music lessons and locally sourced organic free range lessons of higher quality because budget constraints.
Add to it. People don’t haggle. If you state a price and they’re fine with it? Then you priced it within their expectations.