As prices for everyday items continue to soar, a number of Americans find themselves priced out of buying certain products, and others are able to afford but refuse to pay the steeper costs.
August 1, 2022
Quintin Simmons – Public Relations & Communications Manager
When it comes to grocery shopping the choice to not buy isn’t a realistic option. Inflation has taken a noticeable toll on the cost of goods of all kinds, from home purchases to vehicle buys. The grocery store is no exception.
To contend with higher grocery bills, a segment of shoppers have changed their shopping habits. Overall, most shoppers reported that they have decided to select cheaper brands, or they have opted to purchase fewer items.
Across racial and ethnicity lines, the reaction to grocery price hikes has been largely similar. Hispanic, Black, and Asian American consumers were more likely to report changing where they shop. These three groups also said they have stopped or have reduced making bulk food purchases.
All three segments – plus White American shoppers – said that affordability is indeed a factor when they decide which foods to buy. Of the White Americans polled, 78% answered that they often or always make a special effort to buy foods that are affordable. Black shoppers also see affordability as an important factor, as 73% responded in kind. Close behind them were Asians at 72%.
When asked what matters most when choosing a store for grocery shopping, 57% of all races responded, “low prices.” Moreover, collectively 42% of Hispanic, Black, Asians, and Whites said they recently decided to purchase cheaper items or generic brands due to the higher grocery costs. Some have bought less groceries and a portion have decided to shop for food elsewhere.
As prices and food bills continue to mount, buyers of all backgrounds have taken notice, and many are making adjustments.
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Public Relations & Communications Manager
Quintin Simmons is Public Relations & Communications manager at Collage Group. He has over two decades of journalism and communications experience, having written and edited for a variety of publications, and servicing as media rep for a number of national outlets. Quintin, a communications and media relations expert, is always looking to connect and engage with writers and reporters.