April 8, 2025 | Forbes
How Consumers Are Preparing For Tariffs Amid Economic Uncertainty
Since 2020, Americans have been on a roller coaster where prices are concerned. The consumer price index rose from an average of 1.2% in 2020 to 8% in 2022 then dropped to a still high 4.1% in 2023. Shoppers adapted then – retail and food service receipts rose from $7.4 trillion in 2021 to $8.5…