By Isabella Simonetti Source: The New York Times Walmart on Tuesday reported strong sales and profits for last quarter but said times would be tougher this year, a warning that consumers were starting to pull back as they felt the squeeze from relentlessly rising prices for everyday goods. The retail [...]
By Daniel Kline Source: The Street You can't turn on the news or look at any newsy area of the internet without hearing about inflation at the grocery store. For a while, the narrative focused on the rising price of meat, and at various times the focus has been on [...]
By Scott Horsley Source: NPR Rising prices at the grocery store and elsewhere are putting a strain on family budgets. Retailers are making adjustments, offering smaller package sizes and more discount options. The cost of food and rent have been outpacing people's paychecks over the last year, and that has [...]
By Jeff Wells Source: Grocery Dive Grocers like a little bit of inflation in their business. Kroger CEO Rodney McMullen has said somewhere between 3% and 4% is optimal. That’s enough of an increase to pad out the top line, but not enough to send shoppers running for the hills. [...]
By Tracy Alloway Source: Bloomberg Last year, Pete Strates sat down with a local reporter to talk about the challenges of running a restaurant in the post-pandemic era. What started as a conversation about the difficulty of hiring workers morphed into one about the increasing price of mayonnaise. The creamy condiment, [...]
By Marc Rousset, Cory Rochkin and Tanja Ebner Source: Progressive Grocer Life during the pandemic was complicated with masks, sanitizers, social distancing and lots of rules. If consumers came to value anything, it was what was easy, convenient and dependable. Not that those things haven’t always been appreciated, but they’re even [...]
Source: Yahoo! Finance US consumers are already grappling with historically high food prices. It still stands to get worse. Prices paid to US producers for finished consumer foods jumped nearly 16% in the year through July, the biggest surge since 1974, according to Labor Department data released Thursday. A good [...]
Source: Grocery Dive The inflation-centered narrative that has defined the economy since late last year took an attention-grabbing turn this week, as figures released by the federal government showed food prices accelerated at an even faster pace in July even as overall inflation calmed. Refrigerated eggs, frozen meals, and butter [...]
By Danielle Wiener-Bronner Source: CNN Business Food prices are still on the rise, but some relief may be on the horizon. In the 12-months ending in June, overall food prices rose 10.4%, the biggest annual increase since February 1981, according to data released Wednesday by the Bureau of Labor Statistics. [...]
Source: Supermarket News Even as price inflation hits food retailers and consumers alike, customers have lofty estimates of supermarket profits, new research from The Feedback Group reveals. Grocery shoppers believe their primary store enjoys a net profit of 33%, according to a national study conducted by The Feedback Group with more [...]