September 2022 Food and Beverage Price Check

SUMMARY

SEPTEMBER 2022 FOOD AND BEVERAGE PRICE CHECK

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.

HIGHLIGHTS

• 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.

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