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Trendspotting: Retail produce prices showing deflation, easing pain on consumers

While food and beverage prices remain elevated, about 13.3 percent higher year-over-year through the five weeks ended Oct. 2, overall year-over-year inflation was relatively flat from August to September, showing a moderating trend after months of steady increases, according to the September 2022 Price Check: Tracking Retail Food and Beverage Inflation report, released by Information Resources. ....

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Consumers are bargain shopping to offset rising grocery costs

Food costs continue to rise both eating at home and eating out and many consumers are desperate to figure out ways to save during these less-than-optimal times. To offset these rising food costs, consumers are bargain hunting when grocery shopping, eating more meals at home and cutting back on restaurant visits, according to Information Resources Inc. and The NPD Group. The two recently merged to create a leading global technology, analytics and data provider. ....

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