US consumers continued to spend more than ever before (see chart below). But there may be some signs of cooling demand. For example, grocery store sales were up 8.6 percent from April 2021, but were slightly down from March 2022: $68,286 million compared to $68,560 million (not adjusted for inflation). Spending at food service places increased from March to April: $86,421 million compared to $84,643 million. Are we finally seeing Food-At-Home better balanced with Food-Away-From-Home? As you may have noticed, answering this question has been a personal preoccupation. (More and more)
