Consumers are pushing back against inflationary prices by changing the way they shop. Fed up with prices that remain about 19% higher-on average-than where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or simply buying fewer items like […]
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Consumers Change Shopping Habits Amid Inflationary Prices
Consumers are pushing back against inflationary prices by changing the way they shop. Fed up with prices that remain about 19% higher-on average-than where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or simply buying fewer items like snacks or gourmet foods. The trend has been most visible with food and everyday consumer goods like napkins and paper towels. More Americans are opting for used cars as well, forcing some dealers to provide incentives for new car buyers.