Numerator
Coverage of Numerator in the Nexus archive.
- ‘Rockets and feathers’: Economists say grocery prices shoot up like the first, fall like the second
U.S. grocery prices have risen sharply post-pandemic but remain slow to decline, a phenomenon economists call 'rockets and feathers.' Prices peaked at 11.4% in 2022 and are projected to rise 2.7% this year, with factors like high gas prices and reduced government aid affecting spending. Consumers are shifting to discount retailers and store brands to save money.
- The ‘rockets and feathers’ effect: Inflation eases but grocery bills do not
U.S. grocery prices have risen sharply post-pandemic but remain elevated despite overall inflation slowing, a phenomenon economists call 'rockets and feathers.' Prices are expected to rise 2.7% this year, close to the historical average, as consumers shift to discount retailers and store brands to manage costs.
- Amazon Prime Day total online spending surpasses Adobe estimate
Online spending during Amazon's Prime Day reached $26.4 billion, surpassing Adobe's initial estimate of $26.3 billion and showing a 9.3% increase from the previous year. Competitors like Walmart and Target offered overlapping promotions, while Adobe reported similar discount rates as last year, with 'buy now, pay later' features accounting for 6.6% of orders. Amazon stated it was 'pleased with the positive customer response' but criticized external data sources as 'often inaccurate.'