Decades-high inflation is changing US consumers’ grocery habits.
Kroger, the nation's largest grocery store chain, said Thursday that budget-constrained shoppers were buying fewer items in stores, favoring Kroger's cheaper store brands instead of name brands, and switching from beef to pork."Rising inflation has consumers rethinking their shopping and eating habits," Kroger CEO Rodney McMullen said on a call with analysts.
Read MoreThe typical US household is spending about $460 more every month than they did last year to purchase the same basket of goods and services, said Mark Zandi, chief economist with Moody's Analytics.Walmart , the largest retailer in the United States, said some consumers were switching from buying gallons of milk to half-gallons. Walmart customers are also increasingly buying store brands.
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