Companies that made everything from baby wipes to washing machines were able to raise prices without denting demand much. Now, some executives and analysts say that Americans’ buying power is being squeezed by inflation, which in March
hit the highest annual rate since 1981. Grocers and other food and staples sellers, for instance, say shoppers have increasingly
been seeking discounted products and lower-cost brands.
“U.S. consumer confidence has been shaken by rampant inflation and geopolitical uncertainty in recent months,” Tempur Sealy Chief Executive Scott Thompson told analysts Thursday.