business news in context, analysis with attitude

IRI is out with new research suggesting that as the nation emerges from the pandemic, people's desire to get together as the weather improves will outweigh concerns about increased prices created by inflation.

According to the study, "Consumers will host or attend larger gatherings this spring holiday season, especially households with children, but know they will spend more due to inflation and will be looking for deals, according to new Spring Holidays 2022 research from Information Resources, Inc."

The study says that "90% of surveyed consumers feel the cost of food is higher than last year … 30% of consumers will prepare a special meal just for themselves or their families, down from 38% in 2021 … More consumers report they’ll host or attend a meal with extended family who do not live in their household or will travel out of state to attend a celebration in 2022 compared to 2021 … (and) 26% of shoppers expect to pay much or some more for their spring holiday gatherings than they did last year."