‘Stubborn’ Food Inflation Leaves US Shoppers With Slim Appetite for Other Goods

‘Stubborn’ Food Inflation Leaves US Shoppers With Slim Appetite for Other Goods
Shoppers crowd a supermarket to buy food ahead of the Thanksgiving holiday in Chicago, Ill., on Nov. 22, 2022. Jim Vondruska/Reuters
Reuters
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As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing, and housewares, in a challenging trend for retailers.

Commentary this week from executives at Walmart and other retailers shows how Americans are shifting their shopping habits and hunting for bargains in the face of the highest inflation in a generation.