Friday, February 13, 2009

Food Fight....

Consumer expenditures on food down sharply...


Maybe we will get skinnier as a result of the recession??

If these data are to believed, maybe so.

Interestingly, though, what the top graph shows is food expenditures. In reality, part of what is going on (although I have no direct evidence of the magnitude) is that consumers are eating out less (spending less on each meal). Anecdotal evidence supports my hypothesis, though.