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As food prices soar with no end in sight, Americans change habits
Americans are changing their shopping habits because of soaring food prices. And disruptions in the international farming community have some worried about the food supply heading into 2023.
The BMO Real Financial Progress Index, a quarterly survey from BMO and Ipsos, shows that 42% of surveyed adults “are changing how they shop for groceries,” including “opting for cheaper items, avoiding brand names and buying only the essentials.”
The report found “46% are either dining out less or consciously spending less when dining out.”
Record high energy costs and Russia's invasion of Ukraine have been major factors in rising food prices.
Gas prices hit new record highs every day in the past week. According to AAA, the national average gas price rose to $4.85 on Sunday, with diesel gas prices at their own record of $5.64 per gallon.
That added cost makes it more expensive FINISH READING HERE
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