Fresh produce prices continued to increase in September versus their year-ago levels, but much less so than total food and beverages.
According to the Circana (formerly IRI) monthly consumer surveys with primary grocery shoppers, the share of all meals that was prepared at home averaged 76.8% in August 2023.
The Southeast Produce Council released its annual What’s New? 2023 consumer research in a sold-out educational session at Southern Innovations. Pioneering organizations will provide additional innovation-focused presentations in the What’s New? Theater at the exhibit floor.
While the Circana (formerly IRI) sales numbers showed little to no response or improvement in volume sales across most departments, fresh produce was a powerful exception, according to Jonna Parker, Team Lead Fresh with Circana.
Shoppers are looking for deals as inflation increased across all food, including fresh produce, in June.
The April Marketplace The deceleration of the rate of inflation continued in April 2023. “After many …
For the first time in many months, inflation for total food and beverages stayed in the single digits.
Fresh produce prices were also up over 2022, but a relatively low +2.4% on a per-pound basis. Fresh fruit prices decreased 3.0% in comparison to February 2022. Vegetable inflation averaged 7.3% in February, which is also down from the 52-week levels.
While fresh produce is one of the better performing departments, volume has been trending behind year-ago levels since March 2021.
High inflation, continued supply chain challenges and fluctuating restaurant engagement resulted in another year of record food and beverage sales, reaching $753 billion in 2022. However, unit sales dropped for the second year in a row, though remained ahead of 2019.