food prices

Grocers Cut Prices Globally as Discount Retailers Gain Share
Grocers Cut Prices Globally as Discount Retailers Gain Share
June 02, 2023  |  Retail

Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the...

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UK Seeks Cap on Food Prices as Consumers Struggle
UK Seeks Cap on Food Prices as Consumers Struggle
May 28, 2023  |  Economy

The British government wants supermarkets to cap food prices amid rampant inflation. U.K. health secretary Steve Barclay said Sunday (May 28) that ministers were in...

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Putting Memorial Day BBQ on the Table May Put a Dent in Household Budgets
Putting Memorial Day BBQ on the Table May Put a Dent in Household Budgets
May 26, 2023  |  Economy

It’s Monday and a holiday. The hot dogs are at the ready. The grill’s fired up. The wallets feel a whole lot lighter. The Memorial...

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Walmart Trades Margins for Loyalty to Keep Grocery Share
Walmart Trades Margins for Loyalty to Keep Grocery Share
May 08, 2023  |  Retail

As grocers compete for consumers’ loyalty amid inflation, Walmart is reportedly absorbing price increases while its competitors pass them on to consumers. According to Reuters,...

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Loss of SNAP and Grocery Inflation Push Consumers Off ‘Hunger Cliff’
Loss of SNAP and Grocery Inflation Push Consumers Off ‘Hunger Cliff’
May 07, 2023  |  Economy

High inflation and reduced government aid have led to a spike in food bank demand. A report Sunday (May 7) by Bloomberg News illustrates this trend...

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70% of Grocery Shoppers Expect Price Increases Throughout the Year
70% of Grocery Shoppers Expect Price Increases Throughout the Year
March 06, 2023  |  Consumer Insights

Grocery shoppers’ price anxieties remain as they expect another year of inflation, PYMNTS data suggests. The Context Grocers have been doing everything in their power...

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UK Grocery Inflation Hits 17.1% and Supermarkets Make Loyalty Push 
UK Grocery Inflation Hits 17.1% and Supermarkets Make Loyalty Push 
February 28, 2023  |  Retail

As United Kingdom food prices skyrocket, grocers are doing everything they can to retain customers. The country’s grocer inflation rate rose to 17.1% year over...

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Inflation Prompts Renewed Focus on Restaurant Technology
Inflation Prompts Renewed Focus on Restaurant Technology
February 27, 2023  |  ResTech

As food prices rise, restaurants are being challenged to digitize or face mounting costs. In an interview with PYMNTS, Tim McLaughlin, CEO of Arlington, Virginia-based...

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Consumers Now Spend 22% of Income on Food, Clothing and Shelter
Consumers Now Spend 22% of Income on Food, Clothing and Shelter
February 21, 2023  |  Consumer Finance

Eighty years ago, psychologist Abraham Maslow described mankind’s “hierarchy of needs.” He’d likely gaze in alarm at the price tag, as calculated by PYMNTS, that’s...

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