Business

Wealthy Consumers Drive Up Prices

Updated 2026-06-13 12:40 UTC 1 source Negative

Inflation is being exacerbated by the continued spending on luxury goods by wealthy consumers, complicating efforts to combat rising prices.

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MarketWatch
The wealthy are unfazed by inflation, and that could complicate the Fed’s ability to fight it.
2026-06-13 12:30 UTC
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