Mohamed El-Erian: Consumers can no longer absorb price increases like during Covid

3 hours ago 1
Woman shopping at a convenience store and checking her receipt

Hispanolistic

Allianz chief economic advisor Mohamed El-Erian warned that companies are now unable to pass on inflation costs onto consumers, as they have been doing since the pandemic began.

“Consumers are saying no more. We can’t take anymore,” El-Erian, who is also president of

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