Despite Higher Prices, Consumers Still Paying Cold Cash for Ice Cream
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Are high grocery costs making consumers ditch name brands? HighGroceryCosts #NameBrandProducts #SmartShopping #ConsumerTrends High Grocery Costs: What's Happening? 🛒💸 Grocery shopping these days feels like a huge drain on the wallet, doesn't it? With rising grocery costs, consumers are more conscious of where each dollar goes. This significant hike in prices has shifted shopping habits in interesting ways! So, what’s really going on here? The Why Behind the High Costs 💡 Let’s break it down: Inflation: Prices for basics like br... Read more: https://lnkd.in/gGuYZPh9
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Are high grocery costs making consumers ditch name brands? HighGroceryCosts #NameBrandProducts #SmartShopping #ConsumerTrends High Grocery Costs: What's Happening? 🛒💸 Grocery shopping these days feels like a huge drain on the wallet, doesn't it? With rising grocery costs, consumers are more conscious of where each dollar goes. This significant hike in prices has shifted shopping habits in interesting ways! So, what’s really going on here? The Why Behind the High Costs 💡 Let’s break it down: Inflation: Prices for basics like br... Read more: https://lnkd.in/gk6WQ5fR
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For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. Candy and gum prices are up an average of 13% this month compared to last October, more than double the 6% increase in all grocery prices, according to Datasembly, a retail price tracker. That’s on top of a 14% increase in candy and gum prices in October 2022.
Less boo for your buck: For the second Halloween in a row, U.S. candy inflation hits double digits
butlereagle.com
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Grocery spending, up just 2.7% in March 2024, recorded its slowest growth since September 2022, due to falling food price inflation, which reached its lowest level since January 2022. Despite this, concerns about general inflation have risen, while consumers are also increasingly concerned about the impact of shrinkflation. Read our latest Consumer Spend Report to find out more: https://upl.inc/55un4o #Retail #ConsumerSpending #BigPictureBanking
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Grocery spending, up just 2.7% in March 2024, recorded its slowest growth since September 2022, due to falling food price inflation, which reached its lowest level since January 2022. Despite this, concerns about general inflation have risen, while consumers are also increasingly concerned about the impact of shrinkflation. Read our latest Consumer Spend Report to find out more: https://upl.inc/55un4o #Retail #ConsumerSpending #BigPictureBanking
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🛒#Retailers continue to look at ways of softening the blow for #British shoppers and slowing the rate of price rises. This has included upping the ante on promotions – every single one of the grocers increased the proportion of sales through deals versus last year, which has only happened on one other occasion in nearly ten years. Consumer spending on #promotions has now hit 27.2% of total grocery sales – the highest level we’ve seen since Christmas last year. This is a big gear shift from October 2022 when this figure was less than a quarter. Read the full story and reach out to Worldpanel's expert Fraser McKevitt for more insights: https://lnkd.in/gEH65NUR
Grocery price inflation hits single digits for first time this year
kantar-inspiration.com
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🛒#Retailers continue to look at ways of softening the blow for #British shoppers and slowing the rate of price rises. This has included upping the ante on promotions – every single one of the grocers increased the proportion of sales through deals versus last year, which has only happened on one other occasion in nearly ten years. Consumer spending on #promotions has now hit 27.2% of total grocery sales – the highest level we’ve seen since Christmas last year. This is a big gear shift from October 2022 when this figure was less than a quarter. Read the full story and reach out to Worldpanel's expert Fraser McKevitt for more insights: https://lnkd.in/dYckYcR2
Grocery price inflation hits single digits for first time this year
kantar-inspiration.com
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🛒#Retailers continue to look at ways of softening the blow for #British shoppers and slowing the rate of price rises. This has included upping the ante on promotions – every single one of the grocers increased the proportion of sales through deals versus last year, which has only happened on one other occasion in nearly ten years. Consumer spending on #promotions has now hit 27.2% of total grocery sales – the highest level we’ve seen since Christmas last year. This is a big gear shift from October 2022 when this figure was less than a quarter. Read the full story and reach out to Worldpanel's expert Fraser McKevitt for more insights: https://lnkd.in/e-QBN49Y
Grocery price inflation hits single digits for first time this year
kantar-inspiration.com
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🛒#Retailers continue to look at ways of softening the blow for #British shoppers and slowing the rate of price rises. This has included upping the ante on promotions – every single one of the grocers increased the proportion of sales through deals versus last year, which has only happened on one other occasion in nearly ten years. Consumer spending on #promotions has now hit 27.2% of total grocery sales – the highest level we’ve seen since Christmas last year. This is a big gear shift from October 2022 when this figure was less than a quarter. Read the full story and reach out to Worldpanel's expert Fraser McKevitt for more insights: https://lnkd.in/evEn9dJJ
Grocery price inflation hits single digits for first time this year
kantar-inspiration.com
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EVP Global Creative, Media & Ecosystem @ Kantar (a Bain Capital company) | Podcast Co-Host | AI & Privacy Evangelist | Transformational Leader | Board Member
🛒#Retailers continue to look at ways of softening the blow for #British shoppers and slowing the rate of price rises. This has included upping the ante on promotions – every single one of the grocers increased the proportion of sales through deals versus last year, which has only happened on one other occasion in nearly ten years. Consumer spending on #promotions has now hit 27.2% of total grocery sales – the highest level we’ve seen since Christmas last year. This is a big gear shift from October 2022 when this figure was less than a quarter. Read the full story and reach out to Worldpanel's expert Fraser McKevitt for more insights: https://lnkd.in/gJTi6dci
Grocery price inflation hits single digits for first time this year
kantar-inspiration.com
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