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Rising Gas Prices Alter Shopping Patterns

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By: TOM BRANNA

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With an estimated $535 extra spent per household on gasoline this past year, coupled with rising consumer packaged goods (CPG) product prices, U.S. consumers have certainly felt their budgets strain. Yet, the CPG industry does not appear to have been negatively impacted. According to the latest Times & Trends report, Gas Price Impact: How Spending at the Pump Affects Spending at the Register, from Information Resources, Inc. (IRI), total CPG industry sales have benefited as consumers shifte...

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