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Coffee and Pastry Shops Avoid Inflation Backlash Punishing Restaurants
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wsj.comAmericans 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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