19 Percent of Americans Have Cut Grocery Spending Due to Inflation: Survey

During a period of high inflation in the U.S. economy, a woman shops for groceries in Rosemead, Calif., on April 21, 2022. Frederic J. Brown/AFP via Getty Images

Americans restricted their spending activities in the first quarter of 2022 amidst a rise in inflation according to American Consumer Credit Counseling (ACCC).

Over 93 percent of respondents to ACCC’s first quarter Financial Health Index survey admitted that they were impacted by the rising cost of commodities, an April 25 press release said. While 19 percent have scaled down their grocery budgets, over 30 percent cut down fuel expenses. A third said they reduced spending on entertainment, while almost half have postponed or modified vacation and travel plans.