Tag: iri

For the first time in many months, inflation for total food and beverages stayed in the single digits.

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.

As one of the biggest food holidays in America, Thanksgiving sales make or break November in food retailing.

The latest data shows food and beverage prices in November 2022 increased by 0.3% compared to October. This increase is less than the 0.5% jump in October compared to September. Overall food inflation grew 13.2% versus one year ago; however, monthly increases compared to one year ago have leveled off over the last four months.

IRI, which recently merged with The NPD Group to create a leading global technology, analytics and data provider, today released its 2022 Thanksgiving Tracker, a new report revealing insights on Thanksgiving-related grocery sales trends.

Information Resources, Inc., today released a new report, September 2022 Price Check: Tracking Retail Food and Beverage Inflation, with insights regarding food inflation and its impact on consumer shopping behavior.