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Insight of the Day: Food & beverage trends: How rising prices are changing consumer behaviours

Rising food prices are changing consumer behaviors in numerous ways. Consumers are becoming more price-conscious and are searching for ways to save money on groceries. This can include shopping at discount stores, buying store-brand products, or buying in bulk to take advantage of lower prices.

Additionally, some consumers are changing the types of food they purchase in order to stretch their food budget. This may mean buying more affordable staple foods such as rice, beans, and pasta, and reducing purchases of more expensive items like meat and seafood.

Some consumers are also choosing to grow their own food in order to save money on groceries. This can include growing vegetables, herbs, and fruits in their own gardens or on their windowsills.

Overall, rising food prices are forcing consumers to make changes to their shopping habits and food choices in order to cope with the increased cost of food.

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