PITTSBURGH — Inflation will cause consumers to cut back on discretionary spending with dining out at the top of the list, according to a report released April 21 by First Insight. Forty-two percent of respondents said they will save money by not eating out as much.

Cutting back on entertainment was second at 33%, followed by reducing purchases of organic or premium groceries and cutting down on vacation and travel, both at 30%. Twenty-six percent said they would cut back on purchasing specialty coffee and beverages.

Inlfation Report Graphics_Discretionary Spending

at Baking Business.

April 21 2022 by Jeff Gelski

consumer spending inflation

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