Daily News | Philly consumers are still spending, but aren’t splurging the way they used to
to Social Security benefits in decades.
Klein’s Supermarket in Fairmount, where the median home price has risen in the last year to $440,000, increased its inventory of organic and gourmet products. The demand for those items has remained strong despite increased prices, said manager Andrew Klein. He has seen an influx of new, younger customers coming into the store, he added, and the average price per trip has risen significantly, meaning that inflation has not yet driven customers there to buy fewer items.
That means more parents turning down requests of children they bring along for shopping trips, fewer purchases of snack items, and decreased sales of healthier but often more-expensive items, he said.
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