Spooky prices 💸👻Nov 04, 2022
While inflation remained high last month, private-sector wage growth slowed down during Q3. That means Halloween is over, but a scary recession may be lurking around the corner – and consumers are already adjusting their spending habits at the meat counters.
- Whether we’re really in a recession is much less important than the need to keep an eye on consumer behaviors. The inflation, fueled by supply chain issues and excessive government spending, is playing a role in the prices that are making people so jumpy.
Meat protein is one of several categories that serve as evidence that consumers are tightening their belt while making buying decisions.
- According to specialists, it’s not likely the situation will continue in the long run, but regardless of that, farmers should be alert moving into next year. Check out more details here.