Most EU residents have reduced spending on essentials Bloomberg

People are eating-in more and buying cheaper food, the news outlet reports

Around 71% of EU consumers have changed their shopping habits to keep food on the table amid the cost-of-living crisis, Bloomberg reported on Monday, citing a survey by US-based market research firm IRI.

According to the report, "inflation fatigue" in the region has led to "coping behaviors" not seen since the 1970s