Credit Card and Debt Statistics Database
by Scott Bilker |
Consumers Cut Food Spending |
In 2008's fourth quarter, consumer spending on food fell at an inflation-adjusted 3.7% from the third quarter, according to data from the Commerce Department's Bureau of Economic Analysis. That is the steepest decline in the 62 years the government has compiled the figure. The report is based on receipts from a sampling of food-oriented businesses across the country. |
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Categories: |
Consumer Spending,Food,Grocery Spending |
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Reporting Pub: |
The Wall Street Journal |
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Reporting Date: |
2/13/2009 |
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Article
Title: |
Consumers Cut Food Spending Sharply |
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Article
Author: |
Justin Lahart, Timothy W. Martin, and Janet Adamy |
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Pub's Source: |
Commerce Department's Bureau of Economic Analysis |
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Source
URL: |
View details from source |
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