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Price-conscious consumers are economizing at the grocery store as inflation takes hold. Among US adults who are cutting back on groceries, 41% are buying fewer items from name brands, and 29% are spending less on alcohol and spirits. Meanwhile, most are picking up as many pantry staples, like pasta and rice, canned goods, and nonalcoholic drinks, as usual.
Beyond the chart: While the Russia-Ukraine war and supply chain snarls are driving inflation, these cost-cutting habits may be here to stay. “These factors have only jump-started the food shortage that climate change will inevitably bring,” said Blake Droesch, analyst at Insider Intelligence.
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