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Americans Tolerate Price Hikes On Everyday Products
The way Americans are chomping Big Macs, lacing up pricey sneakers and gulping peppermint mochas in this economy, you'd think they're taking advantage of big holiday discounts. The truth is they're paying more. 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. On a recent weekday, five full floors of shoppers in a Nike ... (full story)