Wednesday, November 19, 2008
Comsumers Spending Less
We have a system that measures how much consumers spend a year. This is called The Consumer Price Index. It basically measures how much people spend on entertainment, food, clothes, etc. Due to the fact that America is in a recession, The Consumer Price Index fell 1% last month. Apparently, that is the largest drop in nearly 6 decades. As a result, consumers are starting to see prices drop and things going on sale. This is good for the consumer, but bad for the manufacturer.
Labels:
consumer,
manufacturer,
recession,
sale,
The Consumer Price Index
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