FMI—The Food Industry Association releases the fifth edition of the U.S. Grocery Shopper Trends 2022 series focused on Back to School and finds 90% of shoppers are concerned about some aspect of food accessibility, with 61% concerned about rising prices specifically—an increase of eight percentage points since February 2022. …
“As the cost of everyday goods continues to rise, consumers are shopping around to find value,” said Eric Belcher, CEO, Numerator. “Many of these shifts, including high-income households trading down to dollar stores, are unexpected. With a faster, more holistic view of the impact of inflation across channels, products, and consumer segments, Numerator helps brands capitalize on these rapidly changing behaviors.” …
DataWeave,a global leader in retail data, pricing and AI analytics, today launches its interactive eCommerce Grocery Price Tracker, providing a detailed, nuanced view of price changes and serving as an index of U.S. pricing trends. DataWeave examines pricing and availability by category and retailer in light of inflation and market-driven economic changes. …
Food retail sales spiked significantly in 2020 (+14% from 2019 levels) due to the impact of the coronavirus and while growth fell off sharply in 2021, it continued. In 2022, sales will be challenged by shifts in consumer behavior in light of rising prices, continued trends in out-of-stock products, and increased dining outside the home. …
The CEOs of several meatpacking companies are expected to come under tough questioning from lawmakers Wednesday at a House hearing where soaring food prices are likely to take center stage.
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