Braking Down The News

Coffee and Pastry Shops Avoid Inflation Backlash Punishing Restaurants

Nation’s cafes benefited in June as patrons returned to the office and hung on to their favored indulgences

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Americans dined out less as inflation surged this summer, but couldn’t resist shelling out more at coffee and pastry shops.

Total consumer spending fell 3.1% in June from a year earlier at the restaurants analyzed in a report by the financial-services provider Rabobank using data from Earnest Research. But spending at coffee shops and bakery cafes rose 1.9% during the period, the report said.

 

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