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U.S. Consumers Spent More on Food in 2022 Than Ever Before, Even After Adjusting for Inflation

The USDA, Economic Research Service’s (ERS) Food Expenditure Series (FES) provides a comprehensive measure of the total value of all food purchases in the United States. The series tracks spending on food intended to be prepared at home, such as from grocery stores, and food that is prepared away from home, such as at restaurants. The FES allows Government agencies, academic researchers, and industry stakeholders to assess and track developments in consumer food-buying behaviors and the U.S. food supply...

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Oct 10 9:40 AM, Urner Barry
Consumer Trends
Supplies
Data Collection
Consumer Prices
U.S. Inflation
USDA

NRF Economist Says Growth in Consumer Spending is Slowing

U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The economy was clearly more resilient in the first half of this year than many expected, and the consumer environment has been positive as inflation has slowed,” Kleinhenz said. “Nonetheless, there are ongoing economic challenges and questions, and the pace of consumer spending growth is becoming incrementally slower.”...

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Aug 11 8:29 AM, Urner Barry
Consumer Trends
Retail
Personal Consumption Expenditures Price Index
U.S. Inflation
National Retail Federation


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