ON THE GRILL – According to a Texas study, this would be the sign of a decline in the purchasing power of Americans
Joey Chestnut’s record on September 2 for the number of hot dogs eaten in 10 minutes (83) may not be so insignificant, according to Texas economists. The Dallas Federal Reserve, in a study on the state’s manufacturing outlook, spotted by NBC, notes an increase in sausage consumption.
The recent increase, the institute said, may underscore the trend of consumers opting for less expensive products and cutting back on spending as inflation erodes their purchasing power. “This category tends to grow when the economy weakens,” the study notes. “Sausage is a good substitute for more expensive proteins, stretching consumers’ food budgets.”
A sign of recession?
While US inflation has stabilized at “acceptable” levels, according to economic officials, around 3% (2.2% for food products), the year 2022, when inflation reached 8% over the year, has worried the public, who continue to change their consumption patterns. The consumer price index, another important indicator of inflation, has been rising steadily for a year across the Atlantic.
However, respondents to the Federal Reserve study see this shift to (…) - 20minutes
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