The snacking recession: Why Americans are buying fewer treats

Americans are snacking less — and that’s a problem for the packaged food industry.Why it matters: After years of inflation, consumers are recoiling, fed up with food price increases and suddenly immersed in economic uncertainty.Driving the news: General Mills on Wednesday became the latest food giant to sound the alarm about what CEO Jeff Harmening called a “slowdown in snacking.”The company’s net sales fell 5% in its latest quarter…