Food prices deliver blow to holiday budgets, survey finds
More than a third of U.S. consumers expect rising food prices to cause them to cut back on holiday spending, according to a new survey by Americas Research Group for Reuters.
A total of 28.4 percent of the 1,000 people surveyed by Americas Research Group said that rising food costs would cause them to cut back on their Christmas shopping somewhat, while another 7.2 percent said that they would most definitely cut back. The question was one in a series posed by Reuters and included in the research group's latest survey.