75% of consumers who cut back on overall spending say high food prices are the main reason.
May 19, 2023
To manage their food spending, U.S. consumers are finding ways to manage higher food costs by shopping at value retailers, spending less on non-food purchases, and switching to store brands, says Circana.
Editor Crystal Lindell asks: how much room do consumer packaged goods companies have to increase their prices in response to more expensive gas? And what happens when things hit a tipping point?