Things To Know About Inflation & The Consumer – Mexico Edition (Wave 3)
Things To Know About Inflation & The Consumer – Mexico Edition (Wave 3)
January 10, 2023
CONSUMERS
& INFLATION
THINGS TO
KNOW ABOUT...
MEXICO
WAVE THREE
How consumers shop differently now:
Taking better advantage of sales, discounts,
promotions
Spending more time researching what I plan to buy
Buying less of things I want
CONSUMERS ADJUST SHOPPING HABITS
37%
37%
For More Information Contact: Corporate Strategy & Insights at [email protected]
Source: Cotton Incorporated’s Inflation & Supply Chain Survey, N=1,000 counducted on Jul 2022 (Wave 1), Aug/Sep 2022 (Wave 2), October 25, 2022 (Wave 3).
AMERICA’S COTTON PRODUCERS AND IMPORTERS. Service Marks/Trademarks of Cotton Incorporated. ©2023 Cotton Incorporated.
50%
consumers
are
personally
very
concerned
about the
economy
66%
64%
wave 1 wave 2
74%
wave 3
Jul ‘22 Sep ‘22 Oct ‘22
(among those who are concerned, N=961)
TOP CONCERNS
70%
Prices on everyday goods
(groceries & household items)
38%
Cost of gas
38%
Wages/salary keeping
up with cost of living
Buying less or putting off purchases:
Electronics
46%
Clothes for
myself
43%
Travel
48%
say current economic situation
will impact holiday shopping
82%
SUPPLY CHAIN
66%
say they have been
impacted by shortages in
the supply chain
69%
27%
4%
SLIGHT
MODERATE
SEVERE
ACTIONS TAKEN TO GET PRODUCTS NEED/WANT
(among impacted, N=663)
55%
Stock up on essentials
when I find them
Research online where
to find products in stock
Try new brand or similar
product
48%
48%