IRI debuts report on food inflation, impact on consumer shopping behavior
Report leverages point-of-sale data for August 2022, including e-commerce.
Information Resources, Inc., which recently merged with The NPD Group to create a global technology, analytics, and data provider, released a new report, August 2022 Price Check: Tracking Retail Food and Beverage Inflation, with insights about food inflation and its impact on consumer shopping behavior. The insights leverage the latest point-of-sale data for August 2022 and include data covering all U.S. food channels, including e-commerce.
August data shows that prices of consumer goods remain elevated across categories. Prices for food at home rose 1.6% from the end of July to the end of August, and 13.4% year-over-year through the week ending Aug. 28.