Consumers feeling financial strain — ChainStoreAge.com

Photo by Artem Beliaikin on Unsplash

The cost of living for many people has increased, though many consumers continue to spend:

For example, car insurance costs have jumped a striking 21% year-over-year (YoY), nonprescription drugs are up 9.3%, personal care products have increased 4% and gas prices have risen by 3.8% month-over-month (MoM).

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