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Consumer refusal of higher prices contributes to US inflation decline, approaching the 2% target.
The decline in US inflation may be attributed to consumers refusing to pay higher prices, leading them to seek cheaper alternatives, bargains, or avoid expensive products, according to economists.
A shift toward pre-pandemic norms, when price increases were less frequent, has resulted in a steady fall in inflation towards the Federal Reserve's 2% target.
However, the concern remains whether shoppers will cut back too much and negatively impact the economy, as consumer spending accounts for more than two-thirds of economic activity.
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La negativa de los consumidores a precios más altos contribuye a la disminución de la inflación en los Estados Unidos, acercándose al objetivo del 2%.