Greg Petro, CEO of First Insight was on Bloomberg Radio's Money Minute.
Petro and Gina Cervetti discussed inflation with key takeaways from our recent report.
- Restaurants can't catch a break.
- 42% of consumers plan to cut back on dining out.
- 33% of consumers plan to cut back on entertainment - due to inflation.
- 94% of consumers are changing their buying behaviors.
- Beauty and pet services have the fewest amount of consumers willing to compromise.
- Just 16% of consumers are willing to cut back on pet services.