Tag: inflation

The Kroger Co., America's grocer, today shared how it is helping shoppers save as they prepare for the holidays, including affordable meal ideas while families enjoy time together.

The biggest news in the industry this fall is the staggering price hike in vegetables that was recorded in November.

The 2023 “State of Restaurants” Report released today by TouchBistro reveals that restaurant sales in the U.S., on average, have recovered to approximately 75% of pre-pandemic levels, with three-in-five operators reporting that their sales volume has returned to at least 50% of pre-pandemic levels.

According to Numerator, seasonally adjusted prices for all food-at-home purchases increased 0.1% between October and November, a deceleration from the 0.4% increase between September and October. Seasonally adjusted prices for cereals and bakery products and for other food at home declined by 0.6% and 0.3%, respectively.

The latest data shows food and beverage prices in November 2022 increased by 0.3% compared to October. This increase is less than the 0.5% jump in October compared to September. Overall food inflation grew 13.2% versus one year ago; however, monthly increases compared to one year ago have leveled off over the last four months.

With just a few weeks left in the year and the season of celebration in full swing, the National Restaurant Association finds that 77% of consumers will cope with holiday demands by letting restaurants do some of their cooking during the coming weeks.

Rodney McMullen, chairman and CEO of The Kroger Co., said he’s seeing food inflation slowing down, and that makes him optimistic for 2023.

Consumers are faced with the harsh reality of paying more to get less at the grocery store this holiday season.

After experiencing the softest sales growth results in over a year during this past June and July, the restaurant industry has since enjoyed a strong rebound in its sales that started in August and has extended into October.

The causes of inflation always seem to be a bit obscure: there is always a culprit, but this culprit can easily point to another culprit. I’ve raised my prices? But all of my suppliers have raised their prices too.