Meanwhile, restaurant chain sales point to another trend: consumers forgoing expensive lifestyle meals in favor of more affordable options.
Shoppers at a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage/AFP via Getty Images
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News Analysis
Sales at the nation’s supermarkets and restaurant chains for the second quarter reveal a continued shift in Americans’ eating habits: more meals at home, fewer meals out, and a move away from expensive lifestyle eating to value meals amid growing economic stress from elevated food inflation and uncertain job growth prospects.
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron’s, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China’s Challenge.”
