Americans cutting back on food purchases
Nearly six out of 10 Americans are buying less
food due to increasing prices, according to The 2008 Hormel Hunger Survey.
Two-thirds of Americans say they are losing economic ground as inflation
outstrips any increase in income, and 47% of Americans are struggling more this
year than last year to pay their bills. Private label products are experiencing
rapid growth, as consumers are looking to save money, according to a Nielsen
survey. Overall dollar sales of store-brand consumer packaged goods in the
United States were up by 10.1% to $80.3 billion for the year ended in
September.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!


