Consumers defy inflation to support economy. For how long? – KAKE

Last week, for example, Walmart, which caters to price-conscious consumers, reported that more of them were favoring lower-cost store brands of lunch meat over pricier national brands and buying half-gallon cartons of milk rather than full gallons. Likewise, Kohl’s, a mid-priced department store, said its customers were spending less on each visit.

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