Grocery, Restaurant Executives See Inflation Altering Consumer Spending

Unrelenting inflation is increasing pressure on restaurants and supermarket brands as they compete for increasingly price-conscious consumers, executives said.

As prices climb on restaurant menus and grocery-store shelves, some packaged-food makers see more Americans making meals at home to save money, while restaurant operators are changing their offerings to cope. U.S. consumers this year are dealing with the steepest food inflation in over 40 years, as well as concerns over a possible recession.