Tag: Prices

The Lunch Line: What’s Driving Higher Costs at QSRs?

Data from the Toast digital restaurant platform show eating out at quick-service restaurants (QSRs) for lunch in the second quarter got more expensive, with prices up more than 4% from last year. And though hourly …

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 …

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 …

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 …

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 …