Inflation

US Consumer Sentiment Falls to Near 10-Year Low in May

US Consumer Sentiment Falls to Near 10-Year Low in May

Consumer sentiment in the United States has fallen to an almost ten-year low in May, new data reveals. The drop was revealed in the final May edition of the University of Michigan’s Sentiment Survey, which was released on May 27. The index fell from 65.2 in April to 59.1 in…
Read More
Report Reveals Inflation’s Growing Impact on Dining Habits

Report Reveals Inflation’s Growing Impact on Dining Habits

Soaring inflation is having a direct impact on people's dining habits, a new report has revealed. The report, from marketing insights firm Acosta, shows that consumers are feeling the bite of inflation. People are responding by dining out less or choosing more affordable restaurants and meal options. In its foodservice-specific…
Read More
UK Consumer Confidence Hits Lowest Level since Records Began

UK Consumer Confidence Hits Lowest Level since Records Began

Confidence among UK consumers has hit the lowest level since records began nearly five decades ago, according to a new report. The worrying drop in consumer confidence was revaled by business intelligence firm Growth from Knowledge (GfK). GfK’s long-running Consumer Confidence Index decreased two points to minus 40 in May.…
Read More