Another sign of impending recession: Costco shoppers are buying more of this

It’s a bad sign of the times.

Costco executives told investors that recent shopper habits are sending tell-tale signals that a recession is on the way.

Particularly, customers are avoiding pricey beef products and instead are buying cheaper meats that include pork and chicken, according to Business Insider.

Costco CFO Richard Galanti warned that this consumer behavior was quite common during previous economic downturns.

Cost-efficient canned meats and fish — products with longer shelf lives — are also increasing in popularity.

Another indicator that customers are tightening their belts is that the Costco Kirkland brand, known for being cheaper than competitors, saw growth in the previous quarter.

Overall, Costco daily transactions dipped 4.2% globally and by 3.5% in the US during that time period as well.

Sales of big-ticket items like TVs and fridges have dropped.

It was also reported that many shoppers are turning to dollar stores to combat inflation and the higher prices.

Both Dollar Tree and Dollar General have seen a boost in customers — ones who are buying larger items like groceries at the discount stores.