Consumers are tightening their budgets and focusing more on necessities, possibly due to economic uncertainties

For the first time since February 2021, inflation-adjusted grocery spending has increased, signaling a positive growth trend after nearly three years of decline. This means that despite inflation, people are now spending more on groceries in real terms.

GROCERY SHOPPING
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Inflation-adjusted grocery spending was positive for the first time since February 2021 after nearly three years of negative growth! pic.twitter.com/wTdGEwt5DI

— Win Smart, CFA (@WinfieldSmart) June 6, 2024