Inflation Pushes Consumers To Change Purchase Habits, Perhaps Temporarily

L.E.K. Consulting report suggests that while consumers have been forced to be more selective about their spending, changes in some of these habits are expected not to last as prices stabilize. Consumers see the most significant effects of inflation on the products and services they use, such as gasoline, food, household items, and utilities. However, as prices stabilize, consumers are most excited about spending their money on food and beverage products (62%), housing or rental units (50%), daily household items (44%), and travel (40%).