As prices rise, consumers are treating themselves with snacks ...Middle East

Quartz - Economy
As prices rise, consumers are treating themselves with snacks
source : Quartz ( Middle East ) () 15
Inflation hasn’t stopped consumers from treating themselves to Toblerone chocolates and San Pellegrino water.Mondelez, maker of snacks including Oreo cookies and Cadbury chocolates, reported yesterday that revenue is up over 7% for the first three months ending in March, versus the year before. Last week, Nestle, the biggest food manufacturer in the world, reported that sales grew around 5% in the first three months of this year, compared to the year before. Similarly, Starbucks recently posted higher sales.Why is that? Consumers turn to treats and snacks during times of economic downturns as a way to indulge when the world feels chaotic and money is tight. Kool-Aid established itself as a b

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