Consumers are cutting their food spending by 3.7% in the fourth quarter from the previous 3 months.
-15.9% Beer at home
- 2.7% Wine at home
- 0.9% Liquor at home
- 1.2% Fast food
- 3.8% Eating out
- 5.1% Candy
Larson note: The most disturbing thing (keep in mind this is form a month and a half ago) is that this was during the holiday season. If it was at different time I would not wonder so much.
Larson & Associates
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*Source: Commerce Department