How Much Inflation Can Consumers Handle?
Inflation at the grocery store continues to rise — and consumers are noticing. In fact, the CPI food at home index rose 7.4 percent over the last 12 months, according to The Bureau of Labor …
Tag: inflation > Page 7
Poll: Americans Bracing for More Inflation as CPG Prices Rise
Nearly eight in 10 Americans expect inflation to persist over the next six months—and they’re probably right. Half even anticipate it to increase “a lot,” while 78% expect interest rates to rise, according to a …
FI Fast Break audio news: Jan. 26, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine Coca-Cola’s experiment with alcohol, Walmart’s investment in indoor farming, and more. The Food Institute Podcast · FI Fast Break News – Jan. 26, …
FI Fast Break audio news: Jan. 19, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the evolution of convenience stores, and provide an update on port backlogs. The Food Institute Podcast · FI Fast Break News – Jan. …
FI Fast Break audio news: Jan. 12, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine projected food-cost increases, businesses’ “boomerang” employee issue, and more. The Food Institute Podcast · FI Fast Break News – Jan. 12, 2022 The …
Inflation Outweighs Pandemic Concerns, Consumer Survey Shows
Americans’ concerns are shifting from the pandemic to inflation, according to a new poll. The Associated Press-NORC Center for Public Affairs Research found that just 37% of Americans say the virus is one of the …
How Much Are People Willing to Pay for Cereal?
A new report sheds light on just how much consumers are willing to pay for their favorite cereals in the current inflationary environment. Veylinx, a consumer insights platform that uses behavioral research to predict purchasing …
FI Fast Break audio news: Dec. 28, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the future of trade shows, the prospects for plant-based cheese, and more. The Food Institute Podcast · FI Fast Break News – Dec. …
Experts Weigh In on 2022 Inflation Outlook
Consumers Continue to Spend Despite Drop in Economic Optimism
Consumers are making purchases at a record clip, but economic sentiment continues to wane. Spending across Bank of America’s network of debit and credit cards has surged — mainly in entertainment, travel, and restaurants — …
FI Fast Break audio news: Dec. 22, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down predictions for food inflation and multiple labor disputes. The Food Institute Podcast · FI Fast Break News – Dec. 22, 2021 The …
Holiday Shopping Trends: Inflation Impacts Low-Income Shoppers, Gift Card Sales Surge
The National Retail Federation says the holiday-shopping season appears to be on track to exceed its sales growth forecast of between 8.5% and 10.5%, reported ABC News (Dec. 20). However, with four in 10 Americans …
Inflation Eating Away at Food Industry Profits
Americans are feeling the effects of the pandemic in their pocketbooks, with inflation rising at its fastest clip in four decades. This morning, the Labor Department reported that the Producer Price Index for final demand …
Chicken Market Roundup: A Tender Shortage, Steady Supermarket Sales
Despite a potential shortage of chicken tenders, dollar sales of chicken products at supermarkets and poultry slaughter remained relatively stable year-over year. Chicken Tenders in Short Supply Picky eaters may have something to cry “fowl” …
What’s Ahead In 2022?
FI Fast Break audio news: Dec. 8, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine New York City’s vaccination mandate, optimism within the fine-dining space, and more. The Food Institute Podcast · FI Fast Break News – Dec. …
Analysis: Impact of Food Inflation Especially Apparent in Rural US
Global food prices are at their highest in a decade, according to the United Nations’ Food and Agriculture Organization (FAO). In November, the FAO’s food price index climbed for a fourth straight month, rising 1.6 …
FI Fast Break audio news: Dec. 1, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine how restaurants are rethinking delivery, grocery chains’ big boost from Turkey Wednesday 2021, and more. The Food Institute Podcast · FI Fast Break …
Supply Chain Update: Port Negotiations, Omicron Variant and Trucker Shortage
Amid surging inflation and a new coronavirus variant, here’s an update on what’s happening across the supply chain. LABOR TALKS AT WEST COAST PORTS West Coast port facility operators will open negotiations with the International …
FI Fast Break audio news: Nov. 23, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the “Strikesgiving” trend, Thanksgiving shopping projections, and more. The Food Institute Podcast · FI Fast Break News – Nov. 23, 2021 The FI …
FI Fast Break audio news: Nov. 17, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine rising food prices, the so-called “shroom boom,” and more. The Food Institute Podcast · FI Fast Break News – Nov. 17, 2021 The …
Experts: Inflation, E-Commerce Require Companies to Rethink Strategies in 2022
During CPG Growth Strategies in an Inflationary 2022 – a recent webinar presented by IRI and RBC Capital Markets – experts noted what to expect in the months ahead regarding food prices, the labor pool, …
UPDATED: Sysco, US Foods’ Steep Prices Hikes a Harbinger of Things to Come?
(Updated Nov. 11, 2021 with Sysco Q3 numbers) Prices for supplies from foodservice distribution giants US Foods and Sysco rose 11.5% and 13.4% respectively during the third quarter but had little effect on soaring demand …
FI Fast Break audio news: Nov. 10, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine changing consumer purchasing habits, the lunch day-part’s recovery at restaurants, and more. The Food Institute Podcast · FI Fast Break News – Nov. …
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Thanksgiving 2021: Buy Early, Expect Higher Prices, Look for Substitutes
Following a year of supply chain issues and inflation, Thanksgiving dinner could look a little different—and more expensive—this year. Consumer Reports found that turkey prices could go up anywhere from 10 to 15% this holiday …
NPD Exec: Restaurant Operators Must Lean Into Off-Premises Opportunities
Prior to last year, David Portalatin noticed it all the time. In his hometown of Houston, restaurant customers sought “Instagrammable moments,” in which they snapped photos of tasty-looking food and friends with whom they were …
FI Fast Break audio news: Nov. 3, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine encouraging holiday retail sales news, and update trucking delays. The Food Institute Podcast · FI Fast Break News – Nov. 3, 2021 The …
Food Industry Execs: Inflation Could Worsen Yet
Overall CPI rose 0.4% in September, slightly ahead of estimates of 0.3%, with the indexes for food and shelter contributing to more than half of the monthly increase. The food price index climbed 0.8%, with …
FI Fast Break audio news: Oct. 20, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine inflation’s impact on major CPG companies and more. The Food Institute Podcast · FI Fast Break News – Oct. 20, 2021 The FI Fast …
As Grocery Inflation Nears a Tipping Point, CEOs Weigh In
Food inflation is approaching pivotal levels in the U.S., with prices for food consumed in the home increasing 4.5% in September compared with the same month of 2020. As input costs continue to rise, more …
Facing Mounting Pressures, Kroger Becomes Latest to Pass Along Higher Prices
On a recent earnings call, Kroger CFO Gary Millerchip said the retailer will be “passing along higher cost to the customer where it makes sense to do so.” The CFO acknowledged the company’s facing pressures …
How High Can Prices Go: Top Consumer Foods
As pandemic restrictions eased, pent-up consumer demand kept inflation elevated. In July, the overall consumer price index (CPI) rose 0.5%, a somewhat moderate gain relative to recent increases. Yet, over the past 12 months, price …
FI Fast Break audio news: Aug. 11, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine how consumers are stocking their pantries due to the Delta variant, the restaurant industry’s recovery, and more. The Food Institute Podcast · FI …
Restaurant Sales are Booming, But for How Long?
The restaurant industry continued to regain its financial footing in June, but the pandemic aftershocks have yet to subside. “The industry right now is extremely strong and is surging. For many operators, they have more business …
FI Fast Break audio news: July 28, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the surging prices of both seafood and coffee, vaccination requirements in California, and new unemployment statistics. The Food Institute Podcast · FI …
‘Double Whammy’ of Drought, Frosts in Brazil Propels Coffee Prices
Extreme weather and supply chain issues have impacted prices for the vast majority of commodities in 2021, ranging from lumber to corn. Until recently, coffee (and avocados) seemed to be surviving in an inflationary market …