Prices will continue to rise in the next three months as almost 60% of retailers fail to meet sales targets and others fear closure within the year, survey indicates.

Prices will continue to rise in the next three months as almost 60% of retailers fail to meet sales targets and others fear closure within the year.

Surely raising prices will help them sell more!

  • murl@lemmy.nzEnglish
    1·
    1 year ago

    You are 100% correct. The actual market response in this case is “prices set to FALL in respose to retail slump”.

    Our media is economically illiterate (or paid to print this crap).

  • Munkisquisher@lemmy.nzEnglish
    0·
    1 year ago

    Let alone the bullshit credit card charges everyone is charging these days. Especially as The Retail Payment System Act 2022 is now in force capping the price retailers pay to 0.8%