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Articles on Cost of living crisis

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Cutting back on pricier food items and focusing on more affordable staple foods could help consumers deal with rising food costs, but these strategies affect brand loyalty. (Shutterstock)

The rising cost of living is eroding brand loyalty as consumers seek more cost-effective alternatives

Once a cornerstone for many food retailers, brand loyalty is eroding as consumers prioritize cost savings over long-term brand relationships.
Jerome Powell, chair of the US Federal Reserve, announced a pause in US rate hikes in September 2023. Shawn Thew/EPA-EFE

Why central banks should stop raising interest rates

Central banks balance different factors when raising rates – or not – including inflation and the labour market. But what other countries are doing also has an effect.

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