Thanksgiving retail is expected to see a more judicious consumer who expects to pay more this year and will seek more deals while retailers can expand food service departments with semi and fully-prepared meals to complement the majority of consumers...
Consumer concerns around inflation are easing slightly, but discretionary spending may remain tight as many prepare for the return of student loan payments, according to a consumer survey conducted by 84.51° in September.
Even though overall prices for food consumed at home held steady in June after inching up slightly in May, the impact was not even across all categories – causing consumers to continue to trade down and make tough decisions in the grocery aisles to balance...
A slight uptick in the price of food at home in May from April after months of steady decline isn’t as worrisome to some industry stakeholders as it could be given year-over-year food prices continued to slow and remained far lower than the double-digit...
Cash strapped British consumers are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money.
Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Many consumers are ditching pizza takeout and dine-in experiences and opting for frozen pizzas as they look for products that resonate with their sense of convenience and value, Dana Baggett, client strategy for Vericast, told FoodNavigator-USA.
Grocery prices may finally be falling after stubbornly going up for more than two and a half years even as annual inflation across other categories and overall have dropped in recent months, according to the most recent data from the Labor Department....
Rapidly rising food prices are expected to slow in 2023 after supply chain challenges, geo-political strife, climate change and agricultural policy changes contributed to record inflation in 2022 and prompted government action, according to federal agencies....
Overall US food prices accelerated in January over December after steadily slowing month-over-month between September and December, but the opposite is true for food consumed at home, which cooled in January – continuing a trend that began in December,...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
Despite a slight cooling in food prices paid by manufacturers in December from November, and a low-double digit decline in gas prices that could help ease transportation costs, the food industry still faces input costs that are up low double-digits from...
Higher than expected increases in wholesale prices in November announced Friday – driven primarily by surging food prices – suggest CPG players may face tough choices in the months ahead as they try to offset extra costs either through additional price...
As temperatures drop across the country and consumers allocate a larger portion of their budget to heating and fuel, experts predict spending will cool across other categories, including food, which has been relatively resilient despite double-digit inflation.
While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
To keep pantries stocked and food on the table – especially during the upcoming holidays – more Americans are cutting back on spending in other areas and modifying how they buy groceries as well as the types and amount of products they place in their...
Rising food prices may have slowed slightly in August, but the year-over-year increase continued to rise higher into the double digits than it has in more than 40 years, according to new data from the Department of Labor.
In another sign that inflation may be peaking, wholesale prices fell month-over-month for the first time in July since April 2020, but commodities remain significantly higher than last year, suggesting it may be well into next year before food manufacturers...
While overall inflation in the US cooled slightly in July, giving hope to some economists that financial pressures may be peaking, food prices continue to climb at their fastest rate in more than 40 years – suggesting the economic recovery still has a...
New Census data showing consumer spending on food slowing in recent months as inflation and the threat of a recession rise suggests retailers and brands need to rethink their inventory and promotional strategies to attract and maintain shoppers, analysts...
While supermarkets remain the go-to for most grocery shoppers, rising food and gas prices due to inflation are pushing more consumers to mass, club and dollar stores as they look for ways to rein in spending and reduce trips, according to market research...
Food prices likely will remain stubbornly high as the cost of key ingredients, packaging materials, transportation and warehousing paid by producers continues to rise, albeit at a slightly slower pace – sparking optimism among some that high inflation...
Rising food prices slowed slightly in April over the prior month, according to the Bureau of Labor Statistics April Consumer Price Index released today, but they continue to climb at a brisk pace that is significantly faster than all items, allowing them...
Consumer spending remains strong – for now – despite historic inflation increases, but new data from the Census Bureau released Thursday suggests the gains in grocery last month may not be as significant as they appear and an overall slowdown could be...
Despite soaring at home food inflation, Albertsons’ shoppers remain “strong” with minimal trading-down to less expensive products, including private label, or pulling back on overall spending, executives said during the retailer’s fourth quarter earnings...
Fueled by ongoing supply chain constraints and skyrocketing energy costs due partly to Russia's invasion of Ukraine, inflation continues its upward march with the Consumer Price Index topping out at a staggering 8.5% for all items and 10% for food...
Price sensitive consumers may be on the decline and make up only a third of all grocery shoppers, but they appear to have an outsized impact on select categories as rising inflation prompts them to rein in spending, according to new research by Symphony...
Walmart continues to rollback prices on select categories, including dry grocery, despite rising inflation and other retailers’ decisions to pass higher costs – at least in part – through to consumers.
Frustrated by market share performance in the US despite household penetration and repeat rate gains in 2021, Kraft Heinz is adopting “new game plans” that will lean heavily on renovating and repositioning of iconic brands, innovating to better meet consumer...
Consumers grappling with skyrocketing grocery prices due to fast-rising inflation may take cold comfort knowing that the increases are not as dramatic as other sectors or as high as in past economically difficult periods in part because of industry’s...
A growing number of Canadians – 43% in 2017 compared with 30% in 2016 – believe that Canada’s food system is ‘headed in the right direction,’ according to a survey from the Canadian Centre for Food Integrity (CCFI).
While the consumer price index (all food) rose a modest 1.4% in 2013, it is likely to rise 2.5-3.5% in 2014, predict USDA economists, who believe food price inflation will “return to a range closer to the historical norm”.
“While you can look at one specific cost and you can say it's gone down, I could give you a story for another raw material where it's gone up”, observed Unilever’s chief financial officer Jean-Marc Huet when asked about commodity prices during...
While the cost inflation situation has eased recently eased for many food manufacturers, summer drought conditions are widely expected to put renewed pressure on food prices in 2013.
Special edition: Dealing with higher commodity costs
“I think it’s safe to say that inflationary pressures have reached their worst,” claims research economist Ricky Volpe of the USDA’s Economic Research Service, in an interview with FoodNavigator-USA.
The US Department of Agriculture (USDA) has raised its forecast for food price inflation in 2011, citing the influence of higher food commodity and energy prices, and stronger global food demand.
Consumers are set to manage their food budgets more carefully in 2011 as they brace for higher food prices this year, according to a new report from the NPD Group.
The Food and Agriculture Organization’s (FAO) food price index hit a record high in December, topping 2008’s previous high when soaring food costs led to food shortages and riots in many parts of the world.
The US Department of Agriculture (USDA) has forecast that food price inflation will be at its lowest level for 18 years in 2010, despite recent sharp rises in staple food prices.
