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USDA: Food prices up 8% year over year

- General News
The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, increased by 0.9 percent from January 2022 to February 2022 before seasonal adjustment, up 7.9 percent from February 2021. The CPI for all food increased 1.0 percent from January 2022 to February 2022, and food prices were 7.9 percent higher than in February 2021.

Food and beverage industry passes on higher costs

- Analysis
In present circumstances, if a company experiences a cost increase of $1, how much can it pass on in increased costs to customers? Quite a bit, according to a survey of food and beverage industry executives.

Inflation figures provoke skepticism

- Analysis
Every indication that I can see, from all directions, point to a double-digit inflation rate over the next year.

Consumer Price Index shows highest produce inflation in 12 years

- General News
The Consumer Price Index for All Urban Consumers increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today.

Numerator analysis shows food inflation effect by demographic groups

- General News
Numerator, a data and tech company serving the market research space, has launched new inflation insights to provide an omnichannel view of rising prices.

Dunnhumby: Consumers think food inflation is higher than it is

- General News
The ninth wave of the dunnhumby Consumer Pulse Survey found that U.S. consumers are now more worried about rising food prices, the economy, and their own personal finances than they are with getting COVID.

Fresh produce remains strong at retail despite inflation

- Retail

American consumers are increasingly concerned about grocery – and especially fresh produce – inflation but so …

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Produce prices prove to be elastic

- Analysis
Inflation rates have hit a year-over-year rate of 7.5 percent, according to the Bureau of Labor Statistics. This is a 40-year high. How have substantial price rises affected fresh produce demand over the past year?

Analysis shows consumers prioritize fresh produce at retail despite inflation

- Retail
With inflation significantly higher in fresh compared to frozen and ambient or shelf-stable categories, price-sensitive shoppers are buying less in meat, poultry and dairy, while still prioritizing purchases of fresh produce.

Wells Fargo report shows Super Bowl party costs up 14% over last year

- General News
What will it cost to put out that appetizing spread for the Big Game this year? It will cost about 8% to 14% more than 2021, depending on whom you draft to be on your team for one of the biggest food events of the year.