Tag: inflation

For some peculiar reason, issues that are highly politicized in one nation present no difficulties in another.

Inflation continues to be the top challenge for restaurants as they look ahead to 2023, according to a survey conducted by TD, America's Most Convenient Bank, at the 2022 Restaurant Finance and Development Conference in Las Vegas, Nevada.

Some statistics are hard to believe. But that doesn’t mean they’re not true.

In a recent study Numerator conducted for the Ontario Produce Marketing Association, consumers were seen to be cutting back on spending due to inflationary pressures.

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.

Numerator projects the Consumer Price Index for food at home and for alcoholic beverages at home both increased 0.5% month-over-month in February.

Winn-Dixie is helping customers stretch their grocery budget by lowering prices on more than 150 everyday items. Through the grocer’s “Down Down” program, customers can save more than 15% on average at their neighborhood store.

FMI – The Food Industry Association today released the Power of Produce 2023 report at the Southeast Produce Council’s annual Southern Exposure event, revealing produce department sales grew 4.8% to $74.5 billion in 2022 even as inflation increased the price of fruits and vegetables.

Inmar Intelligence, a leading data platform company, recently released its 2023 Spring Trends Guide, which shows that incentives — along with a supporting omnichannel media strategy — will be crucial to success for brands that want to win shopper dollars this spring.

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