The unusual trend of declining grocery purchases and reduced dining out has continued for over two years, attributed to decreased household spending power due to economic slowdown. Both the retail sales index for food products and the production index for the restaurant industry have been declining since 2023, a rare occurrence since related statistics began in 2006. High food prices and weakened purchasing power due to economic downturn, particularly among the middle class, are identified as major factors.
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Auto-posted at: 2025-05-05 21:04:48