Inflation has had a hold of the economy for nearly three years, and it is directly impacting how consumers navigate grocery stores.
A study by Purdue University shows inflation is causing more consumers to seek out deals, and they are switching to cheaper or generic brands. 56 percent of consumers reported their food prices have risen the most compared to other household expenses.
This month’s Consumer Price Index showed food inflation was up a little more than 2 percent on the year.
Related Stories
The Small Processors Action Plan will strengthen a strong, safe, and local American food supply
A long-running poultry waste lawsuit remains unresolved after a federal judge rejected proposed settlements and appeals followed.
Ethanol, sorghum, dairy, and cotton provide additional export support as major commodity trade markets remain uneven.
Consumers are watching affordability, but projected beef demand remains strong enough to sustain market attention.
USMEF says several African markets continue imposing barriers that limit opportunities for American meat exports.
Funding will support studies focused on production challenges, crop management and new opportunities for growers.