FI Fast Break audio news: Jan. 10, 2024
The latest Food Institute news podcast touches on forecasts for a big year for fast-food drive-thrus, particularly in the morning.
Tag: Prices
How Restaurants Can Retain Price-Conscious Consumers
A recent survey of middle-income households shows 57% anticipate buying fewer takeout and dine-in meals, reported Restaurant Business (April 20). At the same time, restaurants are struggling to keep prices in check. With these factors in …
Skyrocketing German Grocery Prices Seen on Soaring Inflation
Economist: Higher Costs Expected for Super Bowl Parties
What will the cost of your Super Bowl spread be this year? About 8% to 14% more than 2021, according to Wells Fargo’s inaugural Super Bowl Food Report— a light-hearted look at food and beverage …
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 …
How High Can Prices Go? Inflation Spurs Price Hikes Among CPGs
With inflation on the rise, major CPG companies are projecting price increases. Here are a few of the top brands to announce such pending hikes: UNILEVER After already raising prices 1.6% in the second quarter, …
Meat Prices Continue to Rise After Pandemic Push
Inflation is affecting prices across the food continuum, and meat is no exception. Meat prices were up in the first two quarters of the year when compared to both 2020 and 2019, according to analysis …
Conagra Latest CPG Brand to Increase Prices
With the Consumer Price Index rising 0.9% in June, food brands are raising prices to keep up with inflation. The latest major company to follow suit is Conagra. Conagra recently cut its fiscal 2022 outlook …
Avocado Volumes on the Rise While Prices Decline
While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …
UPDATE: QSRs Rethinking Value Meals as Costs Rise
Fast-food chains, such as McDonald’s and KFC, appear to be cutting discounts and pushing more expensive meals post-pandemic. QSRs are cutting back on $5-and-under “value” menu items in favor of $10-$30 meal combinations in order …
Rising Costs Pushing Meat Producer Prices Higher
The world will soon pay more for meat as food inflation deepens. Livestock farmers are getting hit with the highest corn and soybean prices in seven years, raising the cost of feeding their herds by …
Impossible Foods Cuts Wholesale Prices to Better Compete with Traditional Ground Beef
Impossible Foods is cutting foodservice distributor prices for the second time in a year as part of its push to better compete with traditional ground beef. The maker of soy-based meat alternatives is dropping prices …
McDonald’s Franchisees to Raise Happy Meal Prices
Some McDonald’s franchisees said they would raise prices on Happy Meals after the company revoked a longstanding rebate to subsidize the cost of toys, reported The Wall Street Journal (Dec. 8). In January, the company …
Farmers Concerned About the Future Under Biden Administration
Former Vice President Joe Biden became the U.S. President-elect on Nov. 7, leaving some farmers with concerns about the future. U.S. farmers are worried that Joe Biden’s election as president will result in stricter environmental …
Meat Prices Drop Following Spring Shortages
Despite shortages this spring, supermarkets are now selling meat for lower prices as supplies are rebounding and exports are declining, reported The Wall Street Journal (Sept. 20). Prices for ground beef and pork loins returned …