According to the findings of a study conducted with global consumers between January and February 2022, consumers mostly started purchasing less as a response to the rising consumer goods prices. Across all consumer goods categories, purchasing less was the most frequently taken action. Overall, the category that was impacted by rising prices and changing consumer behavior the most was clothing and accessories.
Actions consumers took when purchasing consumer products in response to rising prices worldwide in February 2022, by category
Characteristic
Cheaper alternatives
Purchasing less
Stopped purchasing
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* consumers across the US, Canada, Mexico, Brazil, Argentina (new), Chile (new), UK, Germany, France, Italy, Spain, Denmark, Finland, Sweden, Norway, Australia, New Zealand, Japan, China, India, Indonesia, Thailand (new), Saudi Arabia, South Africa
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EY. (March 17, 2022). Actions consumers took when purchasing consumer products in response to rising prices worldwide in February 2022, by category [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1302965/inflation-response-consumer-actions/
EY. "Actions consumers took when purchasing consumer products in response to rising prices worldwide in February 2022, by category." Chart. March 17, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1302965/inflation-response-consumer-actions/
EY. (2022). Actions consumers took when purchasing consumer products in response to rising prices worldwide in February 2022, by category. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1302965/inflation-response-consumer-actions/
EY. "Actions Consumers Took When Purchasing Consumer Products in Response to Rising Prices Worldwide in February 2022, by Category." Statista, Statista Inc., 17 Mar 2022, https://www.statista.com/statistics/1302965/inflation-response-consumer-actions/
EY, Actions consumers took when purchasing consumer products in response to rising prices worldwide in February 2022, by category Statista, https://www.statista.com/statistics/1302965/inflation-response-consumer-actions/ (last visited July 22, 2024)
Actions consumers took when purchasing consumer products in response to rising prices worldwide in February 2022, by category [Graph], EY, March 17, 2022. [Online]. Available: https://www.statista.com/statistics/1302965/inflation-response-consumer-actions/