Passing along a quick update from consumers regarding inflation. Please let us know if you have any questions about the report.
Open Report:Bespoke – Inflation Vol 4
Key Takeaways and Charts:
- Consumer expectations for price increases are elevated, but reduced q/q and is the lowest we have seen since starting this short survey series in October of 2021.
- The percentage of consumers saying inflation is impacting their consumption patterns increased to a series high (64.7% of respondents). Most said they are spending less / buying less as a result.
- Consumers are not as anchored to the thought of inflation sticking for years as they were in our Feb 22 and Oct 21 waves.