Reported about 1 year ago
Food inflation stabilizes with a 2.1% increase in May, while prices for groceries and dining out are starting to stabilize. However, pricing changes in stores like Costco and Walmart are still varied. Companies like General Mills and Tyson Foods are experiencing fluctuations in sales volumes and prices, with consumers opting for different food choices as prices rise. Beverage companies like Coca-Cola and PepsiCo are also experiencing changes in pricing and volumes. Fast-food chains are introducing value menus to combat the narrative of expensive dining out. Overall, the impact of food inflation is causing fluctuations in consumer behavior and company strategies.
Source: YAHOO