September 2022 Food and Beverage Price Check

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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