Rising food prices are slowly changing our grocery store shopping habits, which are already out of whack after the pandemic pushed more Americans to eat at home, industry analysts say.
Rising food prices are slowly changing our grocery store shopping habits, already kind of weird after the pandemic pushed more Americans to eat at home, industry analysts tell Axios.High inflation is rippling out into all kinds of markets — from nickel to housing to stocks to supers — and changing the way we live.Some folks are swapping different types of meat, as those prices climb.
More broadly, people are just buying smaller packs of meat, said Joan Driggs, vice president of content at IRI, a market research firm. "If you watch the meat case, [shoppers] will rifle through some of those packs until they find the lowest price." You're also starting to see shrinkflation — where companies are keeping prices the same, but selling you less of whatever is inside, cereal or ice cream or whatever, to compensate.So far, our spending on food isn't increasing at the same rate as inflation. Household spending on groceries was up 4% on average in April, according to an April market report from FMI, the food industry association. It's a sign that shoppers are figuring out ways to keep costs under control.
"Consumers are really adept and they're nimble when it comes to their spending habits," said Heather Garlich, senior vice president of communications at FMI. Shoppers with incomes of less than $40,000 aren't buying as much fresh meat and seafood, according to the report. They're turning to frozen meat or canned stuff instead — and buying more store brands.Axios on facebook
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Struggling with the rising price of food, gas? Here's how to manage your budget during inflationLynette Khalfani-Cox, 'The Money Coach' offers tips t0 help you navigate the rising costs of household essentials like gas, groceries and more.
Consulte Mais informação »
6 Most Shocking Truths About the American Food Industry — Eat This Not ThatThe American food machine is cruel, wasteful, and often deceptive—here are some quick facts highlighting that.
Consulte Mais informação »
4 Fast-Food Sandwich Chains Customers Are Abandoning — Eat This Not ThatAt the peak of popularity, these sandwich chains were raking in customers and had national clout. These days, not so much.
Consulte Mais informação »
4/20, Stetson Dance Hall: San Antonio's biggest food stories of the weekThis week's most-read food news mostly centered around 4/20-worthy munchies, which should be no surprise. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants CannabisCommunity cannabisculture
Consulte Mais informação »
Food Network ‘Worst Cooks In America’ Winner’s Murder Trial Looms In 3-Year-Old’s DeathThe Food Network “Worst Cooks In America” winner Ariel Robinson is gearing up for her murder trial in the death of a three-year-old foster child in her care. Ariel Robinson, the Season …
Consulte Mais informação »