Covid-19: the Impact on Consumers’ Wallets #infographic

 

Covid-19: the Impact on Consumers’ Wallets #infographic

If you've seen higher checkout aisle prices since COVID-19, you're not alone. Americans have paid more for staples such as beef, eggs, and poultry as well as daily household goods across the world. Starting in March, supermarket prices skyrocketed and still have not fallen to pre-pandemic levels.

We surveyed 2,040 consumers and asked them how COVID-19 has influenced their expenditure, shopping habits and diets to find out how Americans have been adapting to higher prices.

The majority (85%) of American consumers say they've been paying more for groceries since the pandemic. Among grocery products shopped for, meat, eggs , and milk were among the top three products that Americans claim they've been paying more for since COVID-19.


Also, beef and eggs are among the top food goods that have experienced the biggest price rises since the pandemic. Beef prices are 10.3 percent higher than they were in February of this year, according to the Bureau of Economic Analysis (BEA), while poultry is 6.3 percent higher and eggs are 5.9 percent higher.

Food isn't the only thing that's been hitting the pocketbooks of Americans; three quarters (75 percent) of Americans say they have been paying more for household products. This sentiment aligns with household goods such as paper supplies, appliances and cleaning materials, which are all priced higher since the pandemic, according to the Bureau of Economic Analysis (BEA).


In addition to higher costs, buyers claim that some goods are also facing shortages. For items they usually buy, most (83 percent ) say they are still having difficulty finding groceries and over three-quarters (78 percent) are still having trouble finding household goods.

Covid-19: the Impact on Consumers’ Wallets #infographic


infographic by: www.crresearch.com


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