Food and beverage inflation continued in September, up 1.0% over August and 13.3% versus year ago. As inflation moderates in some perimeter categories, center-store inflation continues to rise. An IRI report shares all the details on the latest inflationary trends and how they are affecting consumer behaviors as well as the price-pack levers that food manufacturers are using.
- Inflation varies significantly across the store. Alcohol is up just 4.2% versus year ago, while dairy is up 19.6%.
- Consumers have reduced consumption by more than 10% in categories such as deli service lunchmeat, fresh finfish, frozen dinners and shelf-stable dinners due to significant price increases.
- Shoppers are buying larger pack sizes for a better value, while also making more quick shopping trips to “cherry-pick” the best deals.