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May 26, 2023
Ways in Which Inflation/Price Increases Are Impacting US Adults' Grocery Purchasing Habits, May 2023 (% of respondents)
Methodology
Data is from the May 2023 Ipsos report titled "Consumer Tracker: Wave 76." 1,116 US adults ages 18+ were surveyed during May 23-24, 2023. Respondents were weighted to U.S. population based on gender, age, race/ethnicity, region, and education.Featured In
Grocery shoppers still cutting back even as inflation cooled in May Consumers at all income levels look to save on food Private label gains share in the first half of the yearCPG companies’ Q2 price hikes papered over declining sales volumesConsumer preference for private labels stays strong despite easing grocery inflationPepsiCo shrugs off the impact of appetite-suppressing medications as it boosts outlook Coca-Cola raises outlook after volumes riseConagra expects organic sales to decline this yearP&G, Kimberly-Clark, and Unilever need to shift gears to drive growth CPG companies like Kraft Heinz, Hershey, and PepsiCo flag softer volume growth Aldi and other value-oriented grocers embark on aggressive expansion plansDollar Tree plans to shutter nearly 1,000 Family Dollar stores to return to growth A hotter-than-expected inflation report is good news for discount grocers Aldi and LidlCPG recovery is uneven as cost pressures exacerbate market bifurcationSources
Chart Title
Ways in Which Inflation/Price Increases Are Impacting US Adults' Grocery Purchasing Habits, May 2023 (% of respondents)Publication Date
May 26, 2023