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Food Spending Turns Anorexic

Restaurants, name-brand food hit hard as diners opt for cheaper fare

By Clay Dillow,  Newser Staff

Posted Feb 13, 2009 9:36 AM CST

(Newser) – Americans have trimmed their food spending sharply, hitting restaurants, food retailers, and brand-name food producers squarely in the gut, the Wall Street Journal reports. In the last quarter of 2008, spending on food plunged an inflation-adjusted 3.7% from the previous quarter, the steepest decline...   Read full story »

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