1、Kearney Consumer InstituteQ4 2024Cant buy me loveFrom price tags to financial mindsets2 2While the current inflation cycle may be easing,consumer frustration over prices will persist.3We have less upward pressure,but there are some that are still talking about cost increases,and were fighting back o

2、n that aggressively because we think prices need to come down.Walmart CEOWere in a penny business.There are many places that consumers can turn to check for lower prices or find merchandise elsewhere,from going to stores to browsing on their phones to compare the prices of a gallon of milk at differ

3、ent retailers.Target CEOGiven consumers are getting squeezed financially,this is not a year for us to optimize profits.This is a year to try to navigate on a thinner profit,but to make sure that we support people.IKEA CEO “Funflation,”Taylor Swiftthose experiences are really where people are willing

4、 to pay,meaning the bigger ticket items in electronics are not right now where people are interested.Televisions and PCs are being pushed to the back burner and other sectors including appliances,pet supplies,and home improvement are also being hit by the recent consumer trend.Best Buy CEOConsumers

5、are beginning to behave like theyre in a low-growth,low-inflation economy.Bank of America CEOThe lower-income consumer in the US is stretched.and is strategizing a lot to make their budgets get to the end of the month.Pepsi CEOPrice challenges continue to top executive agendas.Consumers continue to

6、be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending.McDonalds CEO4Sourced:US Census,JP Morgan;Kearney analysis The latest inflation cycle altered the consumer price conversation.In some markets,including the US,spend has persisted a