Amazon has announced that its annual Prime Day shopping event will run from June 23 to June 26, marking the second consecutive year of a four-day format.

The event comes as U.S. consumers continue to grapple with rising prices, with consumer sentiment hitting a record low in May.

Retailers have increasingly raised concerns that ongoing geopolitical tensions, particularly with Iran, are amplifying inflationary pressures that extend beyond energy markets into broader consumer goods and services.

The timing of Prime Day is significant, as it coincides with a period of heightened economic uncertainty.

While the event is designed to drive sales and offer discounts to Prime members, it also reflects the broader challenge retailers face in balancing consumer demand with inflationary headwinds.

Analysts suggest that the event could provide a short-term boost to Amazon's sales figures but may not be enough to offset the broader macroeconomic pressures affecting consumer spending.