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Frugal U.S. consumers make it tough for food companies to raise prices
date:May 15, 2014
running even lower at 1.2 percent, against the central bank's target of a 2 percent inflation rate.

Many consumers are still struggling in a tough labor market. Labor force participation remains depressed. Private-sector wages were unchanged in April and over the past 12 months have averaged monthly increases of just 0.16 percent.

There's still a large swath of the population that just doesn't have the spending power, said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

07/18 10:39