IRI gives insights on food inflation impact on consumer shopping behavior
Food-at-home prices rose 1.2% in a month, and 14.4% year-over-year as of July 31.
Information Resources, Inc. (IRI), which recently merged with The NPD Group, released new insights about food inflation and its impact on consumer shopping behavior. The insights leverage the latest point-of-sale data for July 2022 and include data covering all U.S. food channels, including e-commerce.
July’s data shows that prices of consumer goods remain elevated across categories. Prices for food at-home rose 1.2% from the end of June to the end of July, and 14.4% year-over-year as of July 31. In June, at-home food prices rose 1.2% versus May, and 13.7% year-over-year as June 30.