NEW DATA: 6 In 10 Consumers Only Buying Essentials As Inflation Crimps Spending
A new PYMNTS survey of roughly 2,800 US consumers in April shows how inflation is re-shaping shopping habits. The April edition of “The ConnectedEconomy™ MonthlyReport: 3 Ways Consumers Are Dealing With Inflation” shows six in 10 consumers already cutting back to essentials only, as merchants adjust to meet this shift in demand.