Time to Upgrade Your Old Phone? More Consumers Say, ‘Not Yet’

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Time to Upgrade Your Old Phone? More Consumers Say, ‘Not Yet’
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Many smartphone owners are sticking with their current models longer, as inflation worries outweigh the urge to upgrade

Global smartphone shipments fell nearly 9% in the second quarter, as inflation worries outweigh the urge to get the latest phone

As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades. WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob Reynolds

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