Basket Economics

Inflation

Key grocery categories are resisting downward inflation trends

Ten product segments average double-digit inflation rates in the U.S. and Europe, Catalina’s Shopping Basket Index shows.

Inflation

Grocery prices ease off again in December

Consumer Price Index sees lowest annual gain since October 2021.

Food prices keep climbing, and discount grocers are looking to grab more shoppers.

While seeing continued strength in food and beverage and other "essentials," Target said it will move to reduce inventories in discretionary categories where consumers have pulled back their spending.

More than one-third of shoppers polled by IRI said they're cutting back on discretionary items, but they're still willing to spend for convenience, especially when feeding a crowd.

Consumers are switching to less-expensive options and cutting down on nonessentials, IRI's Krishnakumar "KK" Davey says.

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