Indiana Farm Bureau, Inc.’s Post

In April 2024, average weekly #grocery spending rose to $129, with a 10% increase from last year and 17% from 2022, per Purdue University's Consumer Food Insights report. The top factors for choosing stores were #price, #food selection, and fresh produce availability. Rural consumers prioritized price (44%) more than urban consumers (31%), while urban shoppers focused more on food selection (20% vs. 12% rural). Food #inflation stabilized at 6.3%, hinting at stability. Household food insecurity decreased to 11%.

Check out this interesting article from BBC.com about the unusual trends in June - soup sales are up while suncream sales are down! It looks like the rainy weather is impacting consumer behavior. What are your thoughts on this? #ConsumerTrends #WeatherImpact #BBCArticle https://ift.tt/Ww4zLrD

Inflation is no joke. Grocery prices are up over 20% since the beginning of the pandemic. It's more important than ever to be intentional with how you allocate your hard earned money. What type of grocery shopper are you? Cost Saver: Coupons and deals so you can shift those dollars elsewhere. Get It Done And Move On: Whatever is at eye level works for me. Bonus for delivery. Foodie: Food is life... I'm splurging on those avocados! #Budgeting #Inflation #Groceries

📚🎒 Back-to-school shopping boosts grocery sales in Great Britain! Fromage frais, cereal, and fruit bars saw a 14% rise in the last week of August compared to last year. With grocery inflation dipping slightly to 1.7%, many households are still feeling the pinch, but deals are helping ease the cost. What are your go-to lunchbox essentials? Let us know below! 🍎🥪 #BackToSchool #GrocerySpending #LunchboxIdeas #UKShoppers #Inflation

Grocery shopping can be expensive, regardless of how many mouths you have to feed. Here are 8 ways to beat inflation this Spring! 1. Make a meal plan. Go in with a list and stick to it. 2. Raid your pantry before buying items to make full meals. 3. Sign up for the loyalty program. Get access to members-only BOGO deals, in-store coupons, and rewards. 4. Join a wholesale club to buy items like gas for your car, food with a long shelf life, and paper goods and household products. 5. Avoid pre-packaged items. 6. Compare prices between stores in your area. Consider shopping Farmers Market stands for fresh produce. 7. Save certain purchases for when they're on sale. Things like olive oil, cereal, cookies, chips, and condiments can get pricey without discounts or sales. 8. Aim to shop weekly to stay on budget and prevent food waste. Make every penny count! #groceryshoppingtips #beatinflation #higherstandardhomes #homebuilder #brandnewhomes

📉 Grocery inflation stands at 2.6% in the 12 weeks to 12 May 2024, down 13.3 percentage points compared to the same period last year. Once again, we see grocery inflation fall for the thirteenth month in a row – now sitting at the lowest level we have seen since March 2022. This is welcome news, but Irish consumers are still looking for bargains with over 25% of value sales on promotion, down 4% since January 2024. Retailers are also promoting their own label ranges to get shoppers through the door. Sales of own label are performing well and growing ahead of the total market at 5.7% year-on-year, with shoppers spending an additional €86m year-on-year. Irish consumers celebrated by dusting off their barbeques at the first opportunity. This month, shoppers spent an additional €614k on sausages, €497k on chilled burgers and grills, €454k on chilled prepared salads, and €3.4 million on soft drinks, to make the most of the sun. Sales of beer and wine were also up 4.1%, with shoppers spending an additional €2.7 million compared to last month. For this and more updates, you can read the full story here: https://lnkd.in/eDGSY_H3 🎧Listen here: https://lnkd.in/eUxdegpk #GroceryTrends #ConsumerBehavior #RetailUpdates #GroceryMarketShare #IrishRetail #Kantar

Stat of the Day 11.3%: 🥝 The share of our income that Americans spend on food in 2022, the most recent U.S. Agriculture Department data available. That’s the highest percentage in 31 years (11.4% in 1991). Groceries and dining out have risen in the neighborhood of 25% from January 2020 to today. #foodcost #inflation #budget2024

🎆 Get ready for the 4th of July! But beware, your BBQ might cost more this year. According to a recent CNBC article, several factors are driving up prices for popular BBQ items. From inflation impacts to supply chain disruptions, your holiday celebrations could hit your wallet harder. 🔥 Tips to save: - Shop early to avoid last-minute price hikes. - Consider budget-friendly alternatives or plant-based options which might be cheaper. - Look for sales or bulk deals. - Don't let the costs dampen your spirit. Plan smart and enjoy the fireworks! For more details, check out the full story here: https://shorturl.at/1N8tH #July4th #BBQSeason

📉 Grocery inflation stands at 2.6% in the 12 weeks to 12 May 2024, down 13.3 percentage points compared to the same period last year. Once again, we see grocery inflation fall for the thirteenth month in a row – now sitting at the lowest level we have seen since March 2022. This is welcome news, but Irish consumers are still looking for bargains with over 25% of value sales on promotion, down 4% since January 2024. Retailers are also promoting their own label ranges to get shoppers through the door. Sales of own label are performing well and growing ahead of the total market at 5.7% year-on-year, with shoppers spending an additional €86m year-on-year. Irish consumers celebrated by dusting off their barbeques at the first opportunity. This month, shoppers spent an additional €614k on sausages, €497k on chilled burgers and grills, €454k on chilled prepared salads, and €3.4 million on soft drinks, to make the most of the sun. Sales of beer and wine were also up 4.1%, with shoppers spending an additional €2.7 million compared to last month. For this and more updates, you can read the full story here: https://lnkd.in/ezrTu2_B 🎧Listen here: https://lnkd.in/e3_4ZV8C #GroceryTrends #ConsumerBehavior #RetailUpdates #GroceryMarketShare #IrishRetail #Kantar

📉 Grocery inflation stands at 2.6% in the 12 weeks to 12 May 2024, down 13.3 percentage points compared to the same period last year. Once again, we see grocery inflation fall for the thirteenth month in a row – now sitting at the lowest level we have seen since March 2022. This is welcome news, but Irish consumers are still looking for bargains with over 25% of value sales on promotion, down 4% since January 2024. Retailers are also promoting their own label ranges to get shoppers through the door. Sales of own label are performing well and growing ahead of the total market at 5.7% year-on-year, with shoppers spending an additional €86m year-on-year. Irish consumers celebrated by dusting off their barbeques at the first opportunity. This month, shoppers spent an additional €614k on sausages, €497k on chilled burgers and grills, €454k on chilled prepared salads, and €3.4 million on soft drinks, to make the most of the sun. Sales of beer and wine were also up 4.1%, with shoppers spending an additional €2.7 million compared to last month. For this and more updates, you can read the full story here: https://lnkd.in/eRKEhPY3 🎧Listen here: https://lnkd.in/eSyMaWrw #GroceryTrends #ConsumerBehavior #RetailUpdates #GroceryMarketShare #IrishRetail #Kantar