1、 2022 Information Resources Inc.(IRI).Confidential and proprietary.November 1,2022Tracking Retail Food and Beverage InflationOctober 2022 Price Check2At-home food inflation continues in October:+1.4%vs.September and+13.3%vs.year ago(YA).Within the store,perimeter including produce and deli has seen
2、inflation moderate to 8.4%vs.YA,while center-store inflation including snacks and frozen meals and other frozen foods has risen every month so far in 2022 and is now at 14.9%vs.YA.Moderation of perimeter inflation is partly due to the lapping effect of inflation seen in second half of 2021,which was
3、 higher in perimeter departments than center-store departments.Inflation varies significantly across the store with the fresh meat&seafood and alcohol segments only up 4.5%and 5.5%vs.YA,while other categories,such as dairy(up 21.3%)and frozen meals and other frozen foods(up 18.4%),were up significan
4、tly.Consumers respond to rising prices by reducing their consumption in some F&B segments more than others.Volumes are down more than 10%in categories such as frozen poultry(-15.5%),deli service lunchmeat(-11.4%),frozen dinners(-10.9%)and shelf-stable dinners(-10.8%)due to significant price increase
5、s.Holiday Celebrations Seasonal Halloween Candy:With seasonal Halloween candy prices up 13.5%vs.YA,volumes are down 2.0%vs.YA,due to greater declines in the more expensive chocolate segment(-7.9%).Thanksgiving:Price inflation for the Thanksgiving meal is up 13.7%vs.YA,driven by pies and side dishes,
6、up 19.6%and 18.8%,respectively,while protein is up 9.7%vs.YA.Summary30.7%1.4%0.6%1.4%0.7%1.0%0.9%1.6%1.0%1.4%AugustAprilMayJanuaryFebruaryJulyMarchJuneSeptemberOctoberMonth-Over-Month Food Inflation Continues to Remain High and Was 1.4%in October vs.September2022 Food&Beverage(Including Fresh)Price