Consumers worldwide are increasingly worried about high grocery prices, mainly blaming new global tariffs, rising raw material and labor costs, and higher profit margins. Most are cutting back on grocery purchases and shifting to discount retailers or private label brands to manage costs. Spending reductions are also extending to non-essential categories like electronics, subscriptions, and apparel, with only a small minority unwilling to adjust their budgets.
Key Takeaways
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85% of global consumers are concerned about inflation’s impact on grocery prices.
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Two-thirds plan to buy fewer groceries or switch to discount options and private labels.
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Most are cutting back on non-essential spending, especially electronics, subscriptions, and clothing.
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