Chips and cookies have gotten too expensive. Shoppers are buying less
- Americans are buying fewer snacks like Doritos and Goldfish due to rising prices, with 42% of consumers reporting reduced snack purchases according to NIQ's February survey.
- PepsiCo reported a 3% decline in snack purchases, citing inflation and higher borrowing costs affecting consumer budgets.
- The average price of a 16-ounce bag of potato chips has risen to $6.50, up from $5.05 in February 2021, according to the Bureau of Labor Statistics.
- Consumer spending is weakening, raising concerns about a slowing US economy and potential recession, affecting snack food sales.
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25 Articles
25 Articles
All
Left
4
Center
17
Right
Coverage Details
Total News Sources25
Leaning Left4Leaning Right0Center17Last UpdatedBias Distribution81% Center
Bias Distribution
- 81% of the sources are Center
81% Center
L 19%
C 81%
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