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Inflation is Moderating, but Consumers Still Feel the Pinch of High Food Prices and Manage Their Food and Overall Spending Accordingly
CHICAGO, May 19, 2023 /PRNewswire-PRWeb/ -- According to the April Consumer Price Index (CPI), inflation is moderating, rising 4.9% less than a year ago. However, food prices rose 7.7% between April 2022 and April 2023. Adding to the impact of food inflation are economic factors like increased consumer credit debt, depletion of savings built during the pandemic, and cutbacks on pandemic-related government credits and subsidies. To manage their food spending, U.S. consumers are finding ways to manage higher food costs by shopping at value retailers, spending less on non-food purchases, switching to store brands, and canceling committed expenses, like subscriptions, ...

Private Labels Capitalise on the Cost-of-living Crisis in Europe
BRACKNELL, Berkshire, England, May 16, 2023 /PRNewswire-PRWeb/ -- Circana, formerly IRI and The NPD Group, today launched its latest biannual "FMCG Demand Signals" report for Europe. Covering France, Italy, Germany, Spain, UK, and Netherlands, the six largest markets in Europe, the report reveals that the sector has reached a tipping point: private labels outpaced the popularity of national brands across nearly all categories. Private labels now make up 38% of total fast moving consumer goods (FMCG) value sales in Europe (€229 Bn). The report forensically unpacks the impact of the pandemic, inflation, and the cost-of-living crisis on over 230 FMCG ...

Anuga and UNIDO Cooperate Under the Motto “A world without hunger is possible”
Cologne, Germany…Two internationally operating food industry players, Anuga and UNIDO, are coming together this autumn to discuss the challenges of the global food industry, address the opportunities and solutions, and, above all, bring important players together for joint projects. The promotion of economic growth and sustainable developments in the food industry will be the focus of this professional exchange that will take place during Anuga 2023, the world’s leading food fair for the retail trade and the foodservice and catering markets. “We have won over a strong partner in UNIDO, which asserts itself as a global sustainable industrial development,” said ...