Inflation, out-of-stocks changing shopper habits
By
Craig Levitt, managing editor
Inflation, out-of-stocks changing shopper habits
By
Craig Levitt, managing editor
On the surface, produce sales appear to continue thriving as the pandemic is about to enter its third year; however, a deeper dive paints a bit of a different picture. According to IRI and 210 Analytics, January dollar sales have surpassed previous records set in 2020 and 2021. Those sales, however, were boosted by inflation as volume sales declined compared to last year.
The consumer price index increased 7.5 percent for the 12 months ending January 2022, the highest increase in 40 years, according to the Bureau of Labor Statistics.
“The risk in the current levels of inflation is volume