Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Buyers Say No To Price Increases - Except for Appliances
Apr 5, 2006
 Printable format
 Email this Article
 Search

In the U.S. pressure to increase prices is growing among many manufacturers as higher costs for energy, resins and other commodities percolate through the economy, according to the latest Quarterly Market Basket issued today by The Ernst & Young LLP Consumer Trends Center

"Companies that manufacture commodity-type products are less likely to be able to push through price increases because of the competition from private label," said Americas Director of Consumer Products Jay McIntosh. "Consumers have the final say at the cash register and many are turning to private label to help them lower expenses for food, clothing and household supplies."

Home appliances are bucking the trend, with many consumers showing willingness to spend for upscale appliances, especially when they remodel their kitchens. New-generation energy saving appliances is also encouraging sales, Ernst & Young found.

Year-over-year inflation was minimal for the household furnishings segment (up 0.6 percent) in general. According to the report, anti-deflation strategies among manufacturers include more upscale and/or energy efficient options in the household furnishings segment.

The Ernst & Young Quarterly Market Basket is based on components of the Consumer Price Index and compares prices in a 5-year period, cutting out inherently inflationary items such as shelter, transportation, and medical care. With those sectors removed, the trends in inflation and deflation related to everyday purchases such as household goods become much more apparent.

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows