Inflation is forcing Americans to change their diets
More than half of consumers say they have changed their eating and drinking habits to manage the rising cost of living, according to a new survey by global intelligence company Morning Consult.
Cutting back on trips to restaurants and bars is the most common change, accounting for roughly eight in 10 people. Some 72% of people who said they have changed their shopping habits reported they had cut down on their meat purchases, Morning Consult said. U.S. inflation hit a 40-year high in May, with prices increasing 8.6% compared to a year ago, according to the latest consumer price index. Shoppers who paid 2021 prices would have gotten 43% fewer eggs than the same time a year ago, and 15% fewer oranges, according to the Bureau of Labor Statistics.
“It’s important to keep in mind that the overall effect on the nutritional quality of inflation depends on how hard families are impacted by inflation, and how they cope,” said Kassandra Martinchek, a researcher with the Center on Labor, Human Services, and Population at the Urban Institute, a Washington, D.C.-based think tank.
“A mother of two reported, ‘Sometimes, there is not much money. Like meat — you know today how much it has gone up in price. That’s why sometimes we don’t buy meat. Instead, we make vegetable soup,'” Martinchek told MarketWatch.
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