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Shoppers say ’tis the season for inflation, an AP-NORC poll finds

An AP-NORC poll shows 42% of U.S. consumers plan to spend less this holiday season due to inflation, tariffs, and rising prices for essentials, Nationwide reported.

  • Earlier this month, the AP-NORC poll of 1,146 adults found many shoppers cutting back and viewing the economy as stuck under President Donald Trump, with a margin of error of plus or minus 4 percentage points.
  • Trump's tariffs have helped drive inflationary pressures and anxiety as prices for groceries, electricity and holiday gifts burden U.S. families, while President Donald Trump insists there is `no` inflation.
  • Survey data show that 87% of U.S. adults have noticed higher grocery prices, and about 42% plan to spend less this holiday season; among those cutting back, nearly half expect to buy fewer gifts.
  • Households are responding by tapping savings and hunting bargains as about 60% of Americans say inflation will affect their charitable giving this year and holiday spending per person drops to about $890 from last year's $902.
  • About one-third of Americans expect the economy to worsen in 2026, with 87% fearing inflation and 71% citing trade tensions and tariffs, despite President Donald Trump projecting benefits.
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Shoppers say ’tis the season for inflation, an AP-NORC poll finds

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Shoppers say 'tis the season for inflation, an AP-NORC poll finds

A new AP-NORC poll finds this holiday season isn’t quite so merry for American shoppers as large shares of them are dipping into savings, scouring for bargains and feeling like the overall economy is stuck in a rut under President Donald Trump.

·United States
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The Independent broke the news in London, United Kingdom on Tuesday, November 25, 2025.
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