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‘Double-Digit Inflation’ Spells Trouble for Consumer Spending

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Sales growth could shrink in the coming months if inflation continues to rise, despite strong first-quarter consumer spending, according to Mastercard date cited at Sourcing Journal’s Global Outlook Conference last week. In fact, consumer spending has been a moving target for the past two years, said Mastercard vice president Michael McNamara. Now, “instead of having…

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