As the end of the year approaches, consumers need to know what to expect for their holiday shopping. IRI recently released two reports about grocery trends and consumer shopping trends. One report discusses Thanksgiving-related grocery trends, while the other report discusses food inflation and consumer trends in October.
IRI’s inflation report observes a recent stabilization of inflation as compared to a year ago, but a 1.4% increase in food and beverage prices in October 2022 compared to the previous month. IRI notes that brands and retailers have an opportunity to optimize their merchandising and promotions during the holiday season.