Fruits and vegetables have grown the most in affordability since January 2020
with a 17.3% CPI increase, followed by dairy and related products at 20.5%.
Impulse purchases, displays and in-stock value were three of the main themes during FMI’s ‘Power of Produce 2024’ session at the SEPC’s Southern Exposure.
In FMI's “Power of Private Brands 2023” report, 53% of consumers said private label offerings are very or extremely important in determining where they shop.
Consumers have a variety of priorities in how they spend their food dollars, and they’re trying to find a balance between money, time, taste, nutrition and experience.