As growth stays sluggish and prices rise, companies are more hard-pressed to keep profits from declining. So they say, 'Sorry, we have to charge more'. They can't get away with that on discretionary stuff because people will hold off, but people will be stuck paying higher prices for need-type goods and services. It becomes a circular thing.  -   James Padinha     Quotes
As growth stays sluggish and prices rise, companies are more hard-pressed to keep profits from declining. So they say, 'Sorry, we have to charge more'. They can't get away with that on discretionary stuff because people will hold off, but people will be stuck paying higher prices for need-type goods and services. It becomes a circular thing. James Padinha
 Growth