The ongoing drought in the nation’s bread basket has eight in ten US adults concerned about possible rising food prices a new IBOPE Inteligência poll indicates cutting back on dining out is the most likely way consumers may compensate for higher grocery bills.
A total of 85% are either very concerned (40%) or somewhat concerned (45%) that the drought and damage to corn crops may cause food prices to rise.
When given a list of expenses they might cut back on if food prices increase dramatically, dining out was by far the leader with 81%. Next are entertainment (68%), travel and vacations (57%), gifts (42%), home wares (41%), charity donations (33%), salon visits/haircuts (28%) and non-essential utilities (24%).
Disclaimer: I am not familiar with IBOPE polling accuracy. If you have an opinion or know something of this company, please contact me, here.
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