Food Price Inflation

A number of factors continue to negatively impact the food supply chain and contribute to elevated food prices, including the COVID-19 pandemic, severe weather events, labor shortages, and the war in Ukraine. FMI has research and resources that help explain the drivers of current food price inflation and support shoppers in navigating higher prices. 

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Resource: Supply Chain Infographics

This series of infographics explains how key ingredients in an American classic – the peanut butter and jelly sandwich – are impacted by current disruptions to raw materials production, packaging, transportation, and labor. These infographics are formatted to be easily shared on Facebook, Twitter and Instagram to help educate your customers on why they might be seeing limited supplies of these popular products.

Access Infographics

FMI Food Price Inflation Resources

Grocery Shopper Snapshot_ Feb 2024

Grocery Shopper Snapshot - February 2024

This brief report provides an update on shoppers' weekly grocery spend, evolving grocery habits and the role of technology in grocery shopping.
Food Prices Factsheet

Food Price Consistency at the Grocery Store

This fact sheet examines how the real prices of commodities like beef, pork and eggs have remained relatively flat over the last two decades, and ways the food industry is innovating to keep prices low for consumers.
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Food Prices: The Value of Americans' Grocery Dollar Since 2001

This fact sheet outlines how despite inflationary increases and short-term price fluctuations, the real cost of groceries in America as a share of household income has remained remarkably consistent, and relatively flat, over the last two decades.

The Food Retailing Industry Speaks 2023

This report provides the food industry with important operational and financial benchmarks, as well as insights into strategic and tactical decisions among both food retailers and suppliers.
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U.S. Grocery Shopper Trends 2023 Series

This report series explores food shoppers' journeys and behaviors.
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Fact Sheet: What is "Shrinkflation"?

As food manufacturers grapple with higher operating costs and increases in the price of inputs, they may need to adjust packaging sizes to keep prices as low as possible.
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Summer Barbecue Breakdown

This infographic can be shared with shoppers and highlights common ingredients people consume during summer celebrations such as burgers, chips, and watermelon, and the reasons underpinning the price increases for these goods.
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The Fundamentals of Food Prices: Costs, Consumer Demand, and COVID-19

This paper provides a broad overview into the factors that determine food prices in the U.S. and highlights how COVID-19 has affected food prices so far.
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Fact Sheet: The Fundamentals of Food Prices: Costs, Consumer Demand, and COVID-19

The pandemic upended the food supply chain and continues to have an effect on food prices. This fact sheet provides some details.
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Russia-Ukraine Crisis and its Impact on Food Prices

These talking points outline the impact of the Russia-Ukraine Crisis on food prices.
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Supply Chain in Focus: Challenges Facing the Grocery Supply Chain

These talking points outline supply chain challenges that have been facing the food industry since the onset of the pandemic.
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Receipts from the Pandemic: Grocery Store Investments Amid COVID-19 and the Resulting Economics of an Essential Industry

This analysis quantifies the operational costs of actions food retailers took amid the COVID-19 pandemic.