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Consumers Cut Spending amid Inflation, Go to Web for Deals

Published on August 05, 2008
Everyday consumer spending is taking a beating, with some 56% of 3,359 online shoppers surveyed April 29 to May 23 indicating that they are cutting back because of the weak economy and growing inflation, according to PriceGrabber.com's Consumer Behavior Report, writes MarketingCharts.