Consumer Price Index Inflation Is Moderating But Consumers Still Feel Consumers bought 6% fewer items at general merchandise stores in the first quarter of this year versus a year ago, and the frequency with which they shopped also fell 5% in the quarter from a year. Gabby jones for the new york times. u.s. consumers, fatigued by a three year bout of inflation, want lower prices. and large retailers that have increased prices, partly to contend with their own.
Pinched By Inflation Consumers Are Buying Less At Grocery Stores Washington (ap) — inflation has changed the way many americans shop. now, those changes in consumer habits are helping bring down inflation. fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. in grocery stores, they’re shifting away from name brands to store brand. Inflation is impacting spending and shopping behaviors. 80% of consumers expect to change their shopping habits if inflation persists. increased prices will see some buy fewer things, but more will look to trade down to lower priced items (35%), look for products on promotion (42%) and of course turn to private label (26%). Two years after pandemic related product and labor shortages pushed inflation to a 40 year high of 9.1%, the american consumer has become a study in contradictions. households are broadly cutting. Rising inflation means consumers will buy less overall. many consumers are tightening their purse strings in response to the rising cost of living. according to data analytics firm kantar, 47% of u.k. consumers have made or are expecting to make cutbacks in their general expenditure due to inflation. in the same vein, research by intelligence.
Comments are closed.