Retailers accused of using economy as excuse to inflate prices beyond inflation
Retailers are being called out for hiking prices more steeply than actual inflation warrants, a practice termed "excuseflation".
Some retailers are accused of exploiting economic conditions as cover for price increases that exceed genuine inflation. The practice, termed "excuseflation", involves using a tough economy as justification for disproportionately raising prices. Consumers are being urged to scrutinise their spending carefully in this environment.
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Steep inflation isn't your only reason to watch every dollar right now
“Excuseflation” is the term for using a tough economy as an excuse to disproportionately hike prices.