Monday, November 28, 2011

Cash-Strapped Americans Largely Swallow Price Hikes During Holidays

Cash-Strapped Americans Largely Swallow Price Hikes During Holidays

McDonald's, Nike, Starbucks and other companies initially worried that customers would run the other way when they started raising prices to offset their higher costs for ingredients, fuel and packaging. But so far, cash-strapped Americans largely have swallowed the price spikes. And they're continuing to do so during this holiday shopping season.

The prices Americans pay for food, travel and other things have steadily risen this year, according to government data.

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