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IRI Releases Insights on August Food Inflation and Impact on Consumer Shopping Behavior
Information Resources, Inc. (IRI®), which recently merged with The NPD Group to create a leading global technology, analytics and data provider, today released a new report, August 2022 Price Check: Tracking Retail Food and Beverage Inflation, with insights about food inflation and its impact on consumer shopping behavior. The insights leverage the latest point-of-sale data for August 2022 and include data covering all U.S. food channels, including e-commerce.
August data shows that prices of consumer goods remain elevated across categories...
Consumer Visits to Canadian Restaurants and Foodservice Outlets Nearly Back to Pre-Pandemic Level
Foodservice industry traffic in Canada reached near pre-pandemic levels in May, missing the mark by just 1% versus May 2019, reports The NPD Group. Consumer visits to restaurants and other commercial foodservice outlets increased by 16% this May compared to a year ago.
Driving the May traffic growth was a 321% gain in dine-in foodservice visits compared to a year ago. However, even with the triple-digit growth, dine-in visits, which were hit hardest by pandemic-related restrictions, are still 28% below May...
NPD Group: Restaurant Traffic Dips in April as Food Prices Soar
The NPD Group credited food inflation and rising costs of a meal in foodservice for the 4% decline in consumer visits to U.S. restaurants in April, compared to 2021.
NPD said that the price of a foodservice meal is up 9% when compared to April 2019 and traffic was down 11% when compared to the same month in 2019 before the pandemic.
Overall online and physical visits to quickservice restaurants (QSR) dropped by 4% and is 6% below the April 2019 pre-pandemic baseline. Traffic...
China’s Foodservice Industry Recovers After Experiencing Sharp Declines in 2020
Western-style quick service restaurants outperformed Chinese-style counterparts in 2021
According to The NPD Group, China’s foodservice industry ended 2021 showing signs of recovery after a tumultuous two-year period full of uncertainty brought on by COVID-19 and stringent lockdown measures throughout the country.
Thanks to vaccination rollouts and easing restrictions across the country, China reported a recovery in the first half of the year across the 22 Chinese cities tracked by NPD for the foodservice industry.
There was growth for both foot traffic and spend over the...
COVID Restrictions Thwarted the Canadian Foodservice Industry’s Expectations for a Strong Recovery
The Canadian foodservice industry entered 2021 hopeful that the industry could get back on track. The recovery seemed like it was heading in the right direction in the third quarter — with vaccination rates high, COVID infections low, and restrictions lifted, reports The NPD Group. Consumers were anxious to return to their favorite restaurants, and online and physical visits were within just five percentage points of where they were in the same quarter before the pandemic. But the onset of the omicron wave and the return of restrictions suppressed...
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