Trendspotting: Food inflation slowing, but still up versus last year
By
Craig Levitt, managing editor
Trendspotting: Food inflation slowing, but still up versus last year
By
Craig Levitt, managing editor
IRI, which recently merged with The NPD Group, released a new report, November 2022 Price Check: Tracking Retail Food and Beverage Inflation, offering new insights into food inflation and its impact on consumer shopping behavior.
The report leverages point-of-sale data for November 2022 and includes data across U.S. food channels, including grocery, drug, mass market, military commissaries and select club and dollar stores, as well as e-commerce.
The latest data shows food and beverage prices in November 2022 increased by 0.3 percent compared to October. This increase is less than the 0.5