Tag: inflation

Inflation, inflation, inflation. That's the topic of the week, but Pamela and Greg are talking about how fresh produce is responding, and what's coming over the next few months.

Wholesale prices in the U.S. continue to hover around 40-year highs, as problems with the supply chain, labor, the pandemic, and the war in Ukraine continue to cause inflation.

Overall, grocery prices continue to climb, particularly online and in dollar stores. As inflation becomes more widespread, most ethnicities and generations are now similarly impacted.

As the foodservice industry tries to recover from lockdowns, restrictions, and consumer hesitancy, it’s plowing into inflation headwinds that may get worse before they get better.

Nearly 75% of consumers have less confidence to spend today as inflation hits a 40-year high according to a new First Insight report, The State of Consumer Spending: Inflation Impacting Consumer Confidence.

The two questions we should be asking ourselves is: “How can we drive retail?” and “how do we help our consumers out during these times?”

Among the disruptions caused by Russia’s invasion of Ukraine have been those in the fertilizer industry, since both nations are major producers. The fertilizer market had already been suffering from dislocations due to the coronavirus pandemic.

Dining out tops the list of discretionary spending cuts consumers will make to combat inflation’s effect on their wallets, according to First Insight’s new inflation report.

Numerator, a data and tech company serving the market research space, has released its monthly inflation insights update to provide a view of rising prices through March 2022, with added context by consumer demographic segments.

The FAO Food Price Index (FFPI) averaged 159.3 points in March 2022, up 17.9 points (12.6 percent) from February, making a giant leap to a new highest level since its inception in 1990.