A new survey reveals that more Americans are opting for sausage over pricier meats.
A new survey shows more Americans are buying sausage as opposed to more expensive meats, indicating the economy isn't as strong as many had hoped. The Texas Manufacturing Outlook Survey said in its latest release that as the economy weakens, researchers are seeing a modest increase in people buying dinner sausages.
The average price of both sausage and beefsteak has climbed consistently since 2020. An inflation measure closely tracked by the Federal Reserve remained low in July, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate this month for the first time in 4 1/2 years.Prices rose just 0.2% from June to July, the Commerce Department said, up a tick from the previous month’s 0.1% increase.
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