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How are Americans prioritizing spending amid rising costs?
Posted
May 2, 2026
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as posted by the channelConsumers are cutting back on goods with sharp price increases, according to the Bureau of Economic Analysis. From December to February, spending on clothing fell 7%, spending on furniture fell 5% and spending on sports equipment fell 6%. The Wall Street Journal economics reporter Rachel Wolfe writes in her recent piece that recent inflation is not driven by consumer demand, but by companies passing on increased costs to customers. She joins "The Daily Report" to discuss.
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Economic Analysis From DecemberThe Wall Street JournalRachel WolfeThe Daily ReportCBS News YouTubeWatch CBS News DownloadFollow CBS NewsInstagram Like CBS News
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