“In today’s high-inflation environment, firms are more likely to implement large price increases when they reset their prices, when inflation was low and stable, with seasonal factors leading to lower inflation at the beginning of the year.” occur when price resetting is more common,” economists at Goldman Sachs wrote in a note. The Department of […]
Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as consumer demand was helped by the lifting of COVID-19 border controls and the government’s domestic travel subsidy. But over the past month, sales fell from October, as prices of daily necessities hit Japanese households as the country’s core consumer […]
“The move from isolation facility quarantine to home quarantine will not significantly increase retail sales,” said Iris Pang, chief economist for Greater China at ING. The easing is also happening differently in different places, as some maintain restrictions that have been eased by others. For example, in the commercial hub of Shanghai, people no longer […]
