Familiarity is Key in the Meat Case During Inflationary Environment
Inflation continues to influence how and what consumers purchase at the meat case as shoppers look for ways to stretch the dollar. The latest CPI report for February showed inflation up 6% on the year. While inflation is slowing and has posted year-over-year declines for eight straight months, it remains well above the Federal Reserve's target rate of 2%.
Through February, the index for food-at-home index rose 10.2% over the last 12 months. Meanwhile, the food away from home rose 8.4% over the last year. Economists are awaiting the March 2023 CPI report, scheduled for release Wednesday morning at 8:30 Eastern time...
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