Tag: 210 Analytics

For the first time in many months, inflation for total food and beverages stayed in the single digits.

Fresh produce prices were also up over 2022, but a relatively low +2.4% on a per-pound basis. Fresh fruit prices decreased 3.0% in comparison to February 2022. Vegetable inflation averaged 7.3% in February, which is also down from the 52-week levels.

While fresh produce is one of the better performing departments, volume has been trending behind year-ago levels since March 2021.

High inflation, continued supply chain challenges and fluctuating restaurant engagement resulted in another year of record food and beverage sales, reaching $753 billion in 2022. However, unit sales dropped for the second year in a row, though remained ahead of 2019.

As one of the biggest food holidays in America, Thanksgiving sales make or break November in food retailing.

A new survey finds that more than a quarter of shoppers are buying more frozen fruits and vegetables than three years ago and identify many benefits with these foods.

Food inflation remains extremely high and consumers are feeling the pain. They are making changes to their restaurant engagement as well as their grocery purchases, according to the August IRI survey of primary grocery shoppers.

Half of consumers are hunting for sales and specials, 44 percent are skipping non-essentials, and nearly a third are looking for coupons in the latest analysis from IRI, the International Fresh Produce Association, and 210 Analytics.